EFCC Arrest Dubai-Based Bureau de Change operator, Ismaila Mustapha A.K.A Mompha

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Economic and Financial Crimes Commission (EFCC), Lagos Zonal Office, has arrested a renowned social media celebrity and Nigerian Dubai-based Bureau de Change operator, Ismaila Mustapha popularly known as Mompha for an alleged involvement in internet related fraud and money laundering.

The suspect was arrested on October 18 at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai, following series of intelligence reports received by the commission.

“Actionable cross border intelligence received from collaborative law enforcement agencies about his alleged involvement in the criminal activities further strengthened our suspicion.

“Mompha allegedly perpetrated his fraudulent activities under the guise of being a Bureau de Change operator.

“Investigations have also revealed that Mompha is only using the BDC business, he jointly owned with his siblings, as a decoy to launder his proceeds of crime.

“However, the suspect has volunteered useful information to the operatives and has admitted to be reasonably involved in the first two cases he was alleged to be involved.

“At the point of arrest, five wristwatches with a total worth of over N20 million was recovered from him. The suspect will soon be charged to court as soon as investigation is concluded,” EFCC said.

From Toktok9ja Media

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