Mompha, who was arrested on Monday, is currently standing trial alongside his company, Ismalob Global Investment Limited, on an amended eight-count charge bordering on cyber fraud and money laundering.
The Lagos Command of the Economic and Financial Crimes Commission has arraigned a suspected internet fraudster, Ismailia Mustapha, popularly known as Mompha, over fresh money laundering charges to the tune of N6 billion.
Mompha, who was arrested on Monday, is currently standing trial alongside his company, Ismalob Global Investment Limited, on an amended eight-count charge bordering on cyber fraud and money laundering.
He was arraigned before Justice Mojisola Dada of the Special Offences Court, sitting in Ikeja, Lagos State, on Tuesday.
The defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
The sums named in the charge seen by The Nation are N5,998,884.653, N32million, N120million and N15,960,000, totalling over N6billion.
The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over N70million.
According to reports, Mompha had pleaded ‘not guilty’ to the eight counts while Islamob Limited (represented by Mompha) was named in and pleaded ‘not guilty’ to the first six counts.
Mompha is also standing trial at the Federal High Court in Lagos alongside Ismalob Global Investment Limited on an amended 22-count charge bordering on cyberfraud and money laundering to the tune of N32.9bn brought against him by the EFCC.
He pleaded not guilty to each of the counts.
He was first nabbed on October 18, 2019 at the Nnamdi Azikiwe International Airport while boarding an Emirates flight to Dubai.
Mompha was then taken into custody by the Nigeria Immigration Service (NIS) following a watchlist by the EFCC.
He is alleged to have used his companies to receive illicit funds on behalf of ‘Yahoo Yahoo boys’ from across the world in return for commission/percentage.