Nigerian Instagram influencer, Ismail Mustapha, popularly known as Mompha, was arrested on Monday, on counts of laundering money obtained through unlawful activities.
He (Mompha) and his company were arraigned by Economic and Financial Crimes Commission (EFCC) before Justice Mojisola Dada on Wednesday on eight counts bordering on conspiracy to launder funds obtained through unlawful activities, retention of proceeds of criminal conduct, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from an unlawful act.
Also, transfer of funds for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
ALSO READ: EFCC arraigns Mompha for alleged money laundering to the tune of over N6 billion
Mompha pleaded ‘not guilty’ to the eight counts while Islamob Limited (represented also by Mompha) also pleaded ‘not guilty’ to the first six counts.
The court in its ruling remanded the social media celebrity and alleged fraudster in the custody of the EFCC pending the hearing of his bail application in the N6 billion fraud charge filed against him.
