Fraud kingpin, Ismaila Mustapha, better known as Mompha, reportedly laundered 33billion, operates 15 bank accounts and owns properties in Dubai and Nigeria.
Ibrahim Magu, the chairman of Nigeria’s anti-graft EFCC, made the claim on Thursday. He said Mompha perpetrated the alleged crime along with his arrested partner, Hamza Koudeih, a Lebanese.
EFCC officials had smoked out Koudeih from the roof of his apartment, where he hid himself after hours of standoff.
At the time of his arrest, Mr Mustapha, widely known as Mompha, had “51 bank accounts in Nigeria” and used them to buy “properties in Dubai and had laundered about N14 billion through a firm known as Ismalob Global Investments Limited,” said Magu.
“His accomplice, Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19 billion.”
Mompha, an Instagram celebrity wont to flaunt exotic jewelry, ostentatious living and designer labels, was arrested in Lagos on October 18.
He was picked up while trying to board a flight to Dubai. His accomplice, Koudeih was arrested last week Thursday. Like his friend, the Lebanese was arrested in “a $5 million per annum suite at the Eko Atlantic Pearl Tower,” which overlooks the Nigerian Atlantic coast in Lagos.
The EFCC boss says that Mustapha and Koudeih’s arrest was part of the ongoing collaboration between the EFCC and foreign law enforcement institutions, including the United States F.B.I.
