Alleged internet fraud: EFCC confirms arrest of Instagram big boy Mompha

Dubai-based Nigerian Big Boy, Ismail Mustapha, popularly known as Mompha, has been arrested by operatives of Economic and Financial Crimes Commission (EFCC), for alleged involvement in internet – related fraud and money laundering.

Confirming the arrest in a statement released through its official Twitter handle on Tuesday,  EFCC said the suspect who is  a premium and first class customer of one of the popular international airlines, was arrested on Friday 18, October 2019 at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai Emirate following series of intelligence reports received by the commission.

The anti – graft agency also confirmed that five wristwatches with a total worth of over N20, 000, 000 were recovered from him when he was arrested.

The recovered wrist watches from Mompha. Source: EFCC Twitter

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




    According to EFCC operatives,  Ismaila, who allegedly perpetrates his fraudulent activities under the guise of being a Bureau de Change, BDC, operator, is always seen with his little son flaunting huge amount of foreign currencies on his social media platforms.

    Further findings showed that the suspect is using BDC business he jointly owns 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.

    The suspects will soon be charged to court as soon as investigation is concluded.

    Abeeb Alawiye formerly works with The ICIR as a Reporter/Social Media officer. Now work as a Senior Journalist with BBC News Yoruba. You can shoot him an email via [email protected] or follow him on Twitter @habsonfloww

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent