News

Mompha to be arraigned by EFCC on Monday, 14 count charge of fraud filed against him

on

Mompha to be arraigned by EFCC on Monday kikiotolu

Mompha is set to be arraigned by the Economic and Financial Crimes Commission (EFCC) on Monday, after 14 count charge of fraud were filed against him.

He is going to be arraigned before Justice Mohammad Liman of the Federal High Court in Lagos on Monday November 25.

The Dubai-based Nigerian businessman, Ismaila Mustapha a.k.a Mompha, was arrested by the EFCC in October at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai.

In a copy of the charge sheet, Mompha, among other things, was accused of procuring Ismalob Global Investment Limited to retain in its bank account an aggregate of N18.05bn.

The EFCC said he ought to have reasonably known that the money formed part of proceeds of unlawful act, to wit: fraud.

The anti-graft agency said Mompha acted contrary to sections 18(c) and 15(2)(d) of the Money Laundering (Prohibition) Act 2011 and he was liable to be punished under Section 15(3) of the same Act.

See the charges EFCC filed against him below;

COUNT 1 That you Ismaila Mustapha between 2015 and 2018, within the jurisdiction of this Honourable Court procured Ismalob Global Investment Limited to retain the aggregate sum of N 18,059,353,413 (Eighteen Billion Fifty Million, Three Hundred and Fifty Three Thousand, Four Hundred and Thirteen Naira) in its account No. 5260000846 domiciled in Fidelity Bank Plc which sum you reasonably ought to have known formed part of the proceeds of unlawful act to wit: fraud you thereby committed an offence contrary to Sections 18(c) and 15(2)(d) of the Money Laundering Prohibition Act,2011 as amended and punishable under section 15 (3) of the same Act.
COUNT 2 That you Ismaila Mustapha between 2015 and 2017, within the jurisdiction of this Honourable Court aided Ismalob Global Investment Limited to retain the aggregate sum of N 14,946,773,393.00 (Fourteen Billion Nine Hundred and Forty Six Million, Seven Hundred and Seventy Three Thousand, Three Hundred and Ninety Three Naira) in its account No. 5260000846 domiciled in Fidelity Bank Plc from Pitacalize Ltd which sum you reasonably ought to have known formed part of the proceeds of unlawful act to wit: fraud you thereby committed an offence contrary to Sections 18(a) and 15(2)(d) of the Money Laundering Prohibition Act,2011 as amended and punishable under section 15 (3) of the same Act.
COUNT 3 That you Ismaila Mustapha and Ismalob Global Investments Limited, on or about the 17`” day of December, 2015, within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of N9,416,700.00

(Nine Million Four Hundred and Sixteen Thousand Seven Hundred Naira) with Mr. Ikechukwu Kingsley Onuzulike and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act.
COUNT 4 That you Ismalla Mustapha and Ismalob Global Investments Limited, on or about the 17th December, 2015, within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of N20,000,000.00 (Twenty Million Naira) with Mr. Ikechukwu Kingsley 0. and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act.
COUNT 5 That you Ismalla Mustapha and Ismalob Global Investments Limited, on or about the 21″. December, 2015, within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of 1410,437,400.00 (Ten Million Four Hundred and Thirty Seven Thousand, Four Hundred Naira) with Mr. Ikechukwu Kingsley Onuzulike and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act

COUNT 6 That you Ismaila Mustapha and Ismalob Global Investments Limited, on or about the 23’d day of December, 2015, within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of N10,000,000.00 (Ten Million Naira) with Mr. Ikechukwu Kingsley Onuzulike and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act.
COUNT 7
That you Ismaila Mustapha and Ismalob Global Investments Limited, on or about the 4th day of January, 2016,within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of N2,463,800.00 (Two Million Four Hundred and Sixty Three Thousand, Eight Hundred) with Mr. Ojei Osemike and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act.
COUNT 8 That you Ismaila Mustapha and Ismalob Global Investments Limited, on or about the 5th day of October, 2018, within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004

negotiated a foreign exchange transaction in the sum of N10,000,000.00 (Ten Million Naira) with Mr. Ojei Osemeke and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act.
COUNT 9 That you Ismaila Mustapha and Ismalob Global Investments Limited, on or about the 2″1 day of November, 2016, within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of N100,000,000.00 (One Hundred Million Naira) with Mr. Okafor Ikenna and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act
COUNT 10 That you Ismaila Mustapha and Ismalob Global Investments Limited, on or about the 9th day of November, 2016 within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of N61,080,000.00 (Sixty One Million, Eighty Thousand Naira) with Mr. Ikenna Okafor and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act.

COUNT 11 That you Ismaila Mustapha and Ismalob Global Investments Limited, on or about the 28`” day of June, 2017, within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of N40,700,000.00 (Forty Million Seven Hundred Thousand Naira) with IK Tony Global Communications and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act
COUNT 12 That you Ismaila Mustapha and Ismalob Global Investments Limited, on or about the 27th day of July 2017, within the jurisdiction of this Honourable Court, not being an authorized seller appointed by the Central Bank of Nigeria pursuant to Section 5(1) of Foreign Exchange Monitoring and Miscellaneous (Provisions) Act CAP F34 LFN 2004 negotiated a foreign exchange transaction in the sum of N42,100,000.00 (Forty Two Million, One Hundred Thousand Naira) with IK Tony Global Communication and you thereby committed an offence contrary to Sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and punishable under Section 29(2) of the same Act
COUNT 13 That you Ismaila Mustapha and Ismalob Global Investments Limited, within the jurisdiction of this Honourable Court engaged in a foreign exchange transaction other than through the official foreign exchange market and you thereby committed an offence contrary to section

111
11(1)(a) of the National Economic Intelligence Committee Establishment Act and punishable under section 11(2) of the same Act.
COUNT 14
That you, Ismaila Mustapha and Ismalob Global Investments Limited within the jurisdiction of this Honourable Court, sometimes being a Designated Non-Financial Institution (“DNFI”) failed to comply with the requirements of submitting to the Federal Ministry of Industry, Trade and Investment a declaration of your activities as specified under section 5(1)(a) of the Money Laundering (Prohibition) Act, 2011 (as amended) and you thereby committed an offence punishable under section 16(2) (b) of the same Act.

About Ayeni Tolulope

Ayeni Tolulope is a fine-grained Journalist, Writer, Digital Media Strategist. He has been a member of the Fourth Estate for three years. He worked with LailasNews for over a year.

    Recommended for you