Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Bitcoin Price Rises to $80k on Force Buying, Oversold Rebound

    November 4, 2026

    Court to Deliver Judgment in El-Rufai’s N10bn Rights Suit

    November 4, 2026

    Naira Dips Near N1,348 on FX Demand, Supply Imbalance

    November 4, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Bitcoin Price Rises to $80k on Force Buying, Oversold Rebound
    • Court to Deliver Judgment in El-Rufai’s N10bn Rights Suit
    • Naira Dips Near N1,348 on FX Demand, Supply Imbalance
    • Transcorp Power Spikes 10% as Investors Stake Post-Earnings Bets
    • Transcorp Power, Banks Stock Drive Equities Rally, NGX Index Rises
    • Senate Receives Tinubu’s Request for N10.79trn External Borrowing
    • Interest Rates on Nigerian Treasury Bills Fall Across Tenors
    • SK Hynix Tokenised Stock Dips 4% as Asian Tech Shares Fall
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, November 4
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » EFCC Re-arrests Mompha on Alleged N6bn Money Laundering

    EFCC Re-arrests Mompha on Alleged N6bn Money Laundering

    Marketforces AfricaBy Marketforces AfricaMay 16, 2023 News No Comments2 Mins Read
    EFCC Re-arrests Mompha on Alleged N6bn Money Laundering
    EFCC
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    EFCC Re-arrests Mompha on Alleged N6bn Money Laundering

    The Economic and Financial Crimes Commission (EFCC) on Monday said the social media celebrity, Ismaila Mustapha (alias Mompha), charged with N6 billion money laundering had been re-arrested.

    The EFCC counsel, Mr Suleiman Suleiman, told an Ikeja Special Offences Court that the prosecution in collaboration with its international partners had secured the arrest of Mompha.

    “The prosecution will like to bring to the knowledge of my lord that in collaboration with our international partners, we have been able to apprehend the defendant.

    “We plan to take him into custody and to produce him before the court.

    “The counsel for the defendant reached out to me seeking for an adjournment that he will be absent today in court,” Suleiman said.

    Justice Mojisola Dada, thereafter, adjourned the case until July 3 for a continuation of trial. The court had on Sept. 21, 2022 ordered the commencement of trial of the defendant in absentia after he failed to appear before the court.

    EFCC had on Jan. 22, 2022 arraigned Mompha alongside his company, Ismalob Global Investment, on an eight-count charge of N6 billion laundering, which he pleaded not guilty to.

    The court had on June 22, 2022 issued a bench warrant for Mompha’s arrest following his absence in court.

    NAN reports that Dada revoked the bail she granted the defendant. The social media celebrity was equally absent in court on June 16, 2022.

    On June 10, 2022 EFCC accused him of flouting the court’s order by travelling to Dubai with a new international passport.

    The charges against Mompha include conspiracy to launder money obtained through unlawful activities, and laundering of money obtained through unlawful activities.

    Others are: retention of proceeds of criminal conduct, use of property derived from an unlawful act, possession of a document containing false pretence, and failure to disclose assets. #EFCC Re-arrests Mompha on Alleged N6bn Money Laundering

    Naira Steadies as Banks Issue Update on FX Purchase

    EFCC Mompha
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Bitcoin Price Rises to $80k on Force Buying, Oversold Rebound

    Court to Deliver Judgment in El-Rufai’s N10bn Rights Suit

    Naira Dips Near N1,348 on FX Demand, Supply Imbalance

    Transcorp Power Spikes 10% as Investors Stake Post-Earnings Bets

    Transcorp Power, Banks Stock Drive Equities Rally, NGX Index Rises

    Senate Receives Tinubu’s Request for N10.79trn External Borrowing

    Add A Comment

    Comments are closed.

    Editors Picks

    Bitcoin Price Rises to $80k on Force Buying, Oversold Rebound

    November 4, 2026

    Court to Deliver Judgment in El-Rufai’s N10bn Rights Suit

    November 4, 2026

    Naira Dips Near N1,348 on FX Demand, Supply Imbalance

    November 4, 2026

    Transcorp Power Spikes 10% as Investors Stake Post-Earnings Bets

    November 4, 2026

    Transcorp Power, Banks Stock Drive Equities Rally, NGX Index Rises

    November 4, 2026
    Latest Posts

    Bitcoin Price Rises to $80k on Force Buying, Oversold Rebound

    November 4, 2026

    Court to Deliver Judgment in El-Rufai’s N10bn Rights Suit

    November 4, 2026

    Naira Dips Near N1,348 on FX Demand, Supply Imbalance

    November 4, 2026

    Transcorp Power Spikes 10% as Investors Stake Post-Earnings Bets

    November 4, 2026

    Transcorp Power, Banks Stock Drive Equities Rally, NGX Index Rises

    November 4, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.