The Economic and Financial Crimes Commission has said that social media celebrity, Ismaila Mustapha, better known as Mompha, ran an illegal bureau the change, which he used to defraud people.EFCC is prosecuting Mompha alongside the company on a 14-count charge bordering on cyberfraud and money laundering to the tune of N33bn.
Mompha, who is the first defendant in the matter, is alleged to have used the company to launder funds, part of which he used to acquire properties in Dubai, United Arab Emirates. Led in evidence by prosecution counsel, Rotimi Oyedepo, the witness, a compliance officer with the Special Control Unit Against Money Laundering of the EFCC, told the court that on November 15, 2019, the commission requested from SCUML the regulation and compliance status of the company and that “upon inspection, it was discovered that Ismalob is not registered with the SCUML.”
He further stated that “From the database search in the office, there is no information on Ismalob Global Investment Limited and all the transactions that were done in the company’s account between December 14, 2015 and January 25, 2018 are not on SCUML’s record.”
Source: News Formal (newsformal.com)
officialEFCC Magu is an illegal chairman ,never confirmed by the senate, everything is illegal in this contraption
Please efcc should keep their mouth shot. I beg
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