The Federal High Court in Lagos has made an order for suspected Internet fraudster, Ismaila Mustapha, alias Mompha, to be remanded in the prison custody.
Justice Mohammed Liman made the remand order on Monday shortly after Mompha was arraigned before him on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria.
In the charges against him, the Economic and Financial Crimes Commission alleged that Mompha procured one Ismalob Global Investment Limited and retained in its bank account an aggregate of N32.9bn between 2015 and 2018.
The EFCC said Mompha “ought to have reasonably known that the money formed part of proceeds of unlawful act, to wit: fraud.”
