The Economic and Financial Crimes Commission, EFCC, is ready to nail the popular Instagram big man, Ismaila Mustapha, aka Mompha, on an amended 22 count charge of N33 billion cyber fraud and money laundering schemes.
The anti-graft agency on Friday presented another witness against Mompha before Justice A. M. Liman of the Federal High Court in Ikoyi, Lagos.
EFCC is prosecuting Mompha alongside his company, Ismalob Global Investment Limited, on an amended 22-count charge which borders on internet fraud and money laundering.
The Prosecution counsel, Rotimi Oyedepo, invited the 10th prosecution witness (Pw10), Alhaji Ahmadu Mohammed who is the relative of the accused.
Alhaji Mohammed who happens to be Mompha’s uncle, and one other person are the directors of Ismalob Global Limited.
He confirmed that Mompha was the sole signatory to the account of the company, domiciled in Fidelity Bank.
Mompha’s shares in the company, Mohammed disclosed, are worth 600,000, while those of two other directors are worth 200,000 each.
Ahmadu also told the court that his job was to buy the Euro equivalent of the money sent to Mompha and send back in cash to the recipient, on Mompha’s directives.
The uncle further revealed that the company whose operations commenced in December 2015, is not a registered bureau de change.
On cross-examination, defense lawyer, Gboyega Oyewole SAN said there was no link between Ismalob Global Investment Limited and Mompha BDC.
He insisted that the former is a separate company.
Justice Liman adjourned till July 24, 2020, for hearing on an application filed by Mompha.
He wants the release of his properties seized by the EFCC.
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