told a Federal High Court, Ikoyi, Lagos, presided over by Justice
Abdullahi M. Liman that the suspected internet fraudster ran an illegal
bureau de change with his company, Ismalob Global Investments Limited.
The Economic and Financial Crimes Commission, EFCC is prosecuting Mompha
alongside the company on a 14-count charge, bordering on cyber fraud and
money laundering to the tune of N33 billion (Thirty-three Billion
Mompha, who is the first defendant in the matter is alleged to have used
the company to launder funds, part of which he used to acquire
properties in Dubai, United Arab Emirates.
Led in evidence by prosecution counsel, Rotimi Oyedepo, the witness, a
compliance officer with the Special Control Unit Against Money
Laundering (SCUML), of the EFCC, told the court that on November 15,
2019, the Commission requested from SCUML the regulation and compliance
status of the company and that “upon inspection, it was discovered that
Ismalob is not registered with the SCUML.”
He further stated that “From the database search in the office, there is
no information on Ismalob Global Investment Limited and all the
transactions that were done in the company’s account between December
14, 2015 and January 25, 2018 are not on SCUML’s record.”
The EFCC letter of request and the response from SCUML were admitted in
evidence by the court.
Justice Liman adjourned the matter until February 26, 2020 for
continuation of trial.