Stella Dimoko Witness Reportedly Exposes Mompha’s Illicit BdC Operations In Court Over N33bn Alleged Fraud Allegations


Advertisement - Mobile In-Article

Thursday, January 16, 2020

Witness Reportedly Exposes Mompha’s Illicit BdC Operations In Court Over N33bn Alleged Fraud Allegations

 Wednesday, January 15, 2020,Enu Matthew Obun,the fourth prosecution witness(PW4) in the trial of Ismaila Mustapha a.k.a Mompha  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 Naira).
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.


  1. Hello Mompha! Seems you going back.

    1. Hi Lucile,been concerned about u. Hope u r not affected by d fire rage happening in some parts of Australia.

  2. Here we come again with cock and bull story. Whom are the victims of the alleged fraud? Another wild choose chase.

  3. But really, who would believe the story that he makes money from BDC in Dubai except the gullibles and disciples of *drink water association* to cover up their wayward living. You buy cars worth millions but still live in an apartment in Dubai with basic furniture. I don't know what exactly it is with this guy, but something ain't right.


Disclaimer: Comments And Opinions On Any Part Of This Website Are Opinions Of The Blog Commenters Or Anonymous Persons And They Do Not Represent The Opinion Of

Pictures and culled stories posted on this site are given credit and if a story is yours but credited to the wrong source,Please contact and corrections will be made..

If you have a complaint or a story,Please Contact Via
Mobile Phone +4915210724141