Connect with us

NEWS

EFCC: How Mompha, Lebanese associate laundered N33billion gotten from internet fraud – Magu

Published

on

Magu speaks on EFCC ‘witch-hunting’ Saraki, gives reasons for Senate President’s probe

The interim President of the Commission on Economic and Financial Crimes, EFCC, has given an update on the arrest of the famous Internet celebrity, Ismaila Mustapha, also known as Mompha, along with his Lebanese associate, Hamza Koudeih.

Latest Nigeria newspaper report that Magu revealed that Mompha and Koudeih washed the sum of N33 billion obtained by Internet fraud.

In an interactive session with stakeholders at the EFCC office in Lagos on Thursday, Magu said Mompha operated 51 bank accounts in Nigeria that he used to launder funds from his victims.

The interim President of EFCC described the arrest of the two scammers as a historic achievement. He said the arrests had confirmed the agency’s commitment to the graft war.

Latest Nigeria newspaper report that Magu said: “The recent arrests of a social media celebrity, Ismaila Mustapha, popularly known as Mompha, and his Lebanese collaborator, Hamza Koudeih, for his alleged involvement in Internet-related fraud and money laundering remains a historic achievement of the EFCC.

“I dare to tell you that these arrests have further confirmed our commitment to the war against grafting, while also sending a red alert to potential Internet scammers.

“I am sure you will be shocked to learn that five wristwatches valued at more than N60 million were recovered from the alleged internet scammer, Mompha, at the point of arrest.

Latest Nigeria newspaper report that The investigation has also revealed that it operates 51 bank accounts in Nigeria with which it acquires properties in Dubai and has washed around N14billion through a company known as Ismalob Global Investments Limited.

“His accomplice, Koudeih, also has two companies, namely: THK Services Limited and CHK properties Limited, with which he has allegedly washed around N19 billion. Koudeih lives in a $ 5 million suite per year at the Eko Atlantic Pearl Tower, Victoria Island, Lagos. They will be charged in court accordingly as soon as the investigation is finished.”