In a significant court session at the Lagos High Court, Nigeria, the Economic and Financial Crimes Commission (EFCC) presented compelling evidence linking Ismaila Mustapha, widely known as Mompha, and his company Ismalob Global Investment Limited to extensive financial crimes.
According to EFCC witness Idi Musa, who testified before Justice Mojisola Dada, forensic analysis conducted jointly with the FBI traced approximately “N30 billion through the account of the first defendant, Ismaila Mustapha, to Fidelity Bank.” Musa further disclosed that about “5 billion in Zenith Bank was linked to the second defendant.”
Mompha and his company face charges including “conspiracy to launder funds obtained through unlawful activities, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretense and use of property derived from an unlawful act.” Specific allegations involve transactions totaling over “N5,998,884,653.18 (Five Billion Nine Hundred and Ninety-eight Million Eight Hundred and Eighty-four Thousand Six Hundred and Fifty-three Naira Eighteen Kobo),” indicating a clear intent to defraud.
The testimony also implicated Olayinka Jimoh, known as Nappy Boy, who admitted to participating in internet fraud facilitated by Mompha. Jimoh revealed that “Ismaila Mustapha provides him with an account where money is transferred into,” highlighting the complex web of illegal activities involved.
Critical documents, including Mompha’s statements and asset declaration forms, have been admitted as evidence in the ongoing trial. The defense has requested additional time to review these exhibits before proceeding with cross-examination.
“The EFCC’s testimony highlights ongoing efforts to combat financial crimes and underscores the severity of allegations against Mompha and his associates,” said the prosecuting counsel, Suleiman Suleiman.
