The Economic and Financial Crimes Commission, EFCC, Wednesday arraigned internet celebrity, Ismailia Mustapha, aka Mompha and his firm, Ismalob Global Investment Limited for alleged money laundering to the tune of over a N6 billion.
The agency arraigned Mompha and Ismalob before Justice Mojisola Dada of an Ikeja Special Offences Court on eight counts bordering on the offences.
The defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh aka Nappy Boy, and unlawful transfer of funds for a record label, among others.
The sums named in the charge seen by The Nation NEWSPAPER are N5,998,884.653.18, N32million, N120million and N15,960,000, totalling over N6billion.
The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over a N70million.
Mompha pleaded “Not guilty” to the eight counts while Islamob Limited (represented by Mompha) was named in and pleaded “not guilty” to the first six counts.