The Economic and Financial Crimes Commission (EFCC) has arraigned Instagram celebrity Ismailia Mustapha aka Mompha for allegedly laundering over N6 billion.
The commission on Wednesday filed eight-count charges on Mompha and his company Ismalob Global Investment Limited before Justice Mojisola Dada of an Ikeja Special Offences Court.
Mompha and his company were accused of alleged 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 are N5,998,884.653.18, N32million, N120million and N15,960,000, totalling over N6 billion.
The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over N70 million.
Mompha pleaded not guilty to the eight counts while his company (represented by him) pleaded not guilty to the first six counts.
The social media celebrity is also standing trial at the Federal High Court in Lagos alongside his company on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9 billion brought against him by the EFCC.
EFCC re-arrested Mompha on Monday following fresh findings of an alleged fraudulent transfer slip of $92, 412, 75 in his iPhone 8 device.
