Witness Testifies Against Mompha, Says He Runs Illegal BdC
The fourth prosecution witness, (PW4), Enu Matthew Obun, has testified in the trial of Instagram celebrity, Ismaila Mustapha, A.K.A. Mompha on Wednesday at a Federal High Court, Ikoyi, Lagos.
Obun told the court presided over by Justice Abdullahi M. Liman that Mompha who is facing N33bn fraud charge runs an illegal Bureau de Change (BdC) with his company, Ismalob Global Investments Limited.
READ: Alleged Money Laundering: Internet Big Boy Mompha Gets N100m Bail
The 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 case is alleged to have used the company to launder funds, part of which he used to acquire properties in Dubai, United Arab Emirates.
The witness, who is a compliance officer with the Special Control Unit Against Money Laundering (SCUML) of the EFCC led in evidence by prosecution counsel, Rotimi Oyedepo, 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.”
READ: Money Laundering Crime: Mompha Pleads Not Guilty
“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,” he added.
The EFCC letter of request and the response from SCUML were admitted in evidence by the court.
The case was then adjourned to February 26, 2020.
