Crime
Alleged Money Laundering: Witness Reveals N35bn Was In Mompha’s Accounts
The sixth prosecution witness, PW6, Idi Musa, in the trial of Ismaila Mustapha, (a.k.a Mompha) an investigator with the EFCC, on Monday, July 1, 2024, told Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos how the sum of N35bn was found in two bank accounts linked to the defendant.
The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, had, on January 12, 2022, arraigned Mompha alongside his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretences and use of property derived from unlawful act.
One of the counts reads, “Ismaila Mustapha, Ahmadu Mohammed (at large) and Ismalob Global Investment Limited, sometime in 2016, in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to conduct financial transactions to the tune of N5,998,884,653.18 ( Five Billion Nine Hundred and Ninety-eight Million, Eight Hundred and Eighty-four Thousand, Six Hundred and Fifty-three Naira Eighteen Kobo), with the intent of promoting the carrying on of specified unlawful activities to wit: obtaining by false pretence.”
He pleaded “not guilty” to the charges when they were read to him.
On September 22, 2022, Justice Dada had ordered that the trial of Mompha would continue in absentia after he jumped bail.
At Monday’s proceedings, Musa, while being led in evidence by the prosecution counsel, S. I. Suleiman, narrated how he knew the first and second defendants in the course of investigations into the alleged criminal activities.
He told the court how the Commission had received intelligence from the Federal Bureau of Investigations (FBI), informing it that the first and second defendants were into cybercrime in the United States of America, USA.
He said, “Sometime in 2019, we received intelligence from the FBI, USA. The letter was addressed to the Commission, informing us that the first and second defendants were involved in cybercrime, otherwise known as Yahoo Yahoo.”
According to him, in the course of the investigation, some letters were written to two major banks requesting the account statements of the second defendant linked to the first defendant.
In his further testimony, he told the court that “The account statements were received and analysed.
“During the analysis, we discovered a heavy flow of N30bn through the account of the first defendant (Mompha) in one of the banks and about N5bn in another bank account.
“Letters were written to the FBI, and the Special Fraud Unit of the Commission, regarding the defendant’s claim that he was into Bureau De change business, in view of the volume of these transactions.
“A letter was also written to the Central Bank of Nigeria, CBN and other relevant agencies”.
He also told the court that the investigation revealed that the first defendant did not reside in Nigeria and that efforts to reach him proved abortive.
The PW 6 said, “A letter was written to the Nigeria Immigration Services, NIS, on October 16, 2019, to arrest the defendant anytime he was seen in the country.
“On October 18, 2019, the first defendant got information that the Commission was looking for him, while he was in Nigeria. So, he quickly got to the airport and boarded a flight in order to jet out of the country to evade arrest.
“The team got the information through the NIS officers at the airport. By then, Mompha had already boarded the flight. So, they had to call him to come down and he was immediately arrested. He was subsequently handed over to the EFCC by the immigration officers”.
When asked about the findings regarding the defendant’s bank account, Musa said over N30bn was discovered, adding that “ he told us that he was into Bureau De Change business. But investigation showed that he was not.
“We have already concluded investigations in that regard. The offences border on money laundering, operating BDC without a licence before a Federal High Court in Ikoyi, Lagos.”
He also told the court that a report from the FBI’s forensic analysis revealed that Mompha’s iPhone was used to send account details to a United Arab Emirates telephone number, which he used to search for Swift Codes of a bank.
“Upon his arrest, all the properties recovered from him were registered with the Exhibits Section in the EFCC office.
“Most of the properties were released to him on bond, except his iPhone 8 which is still with the Commission.
“The items are proceeds of crime because when he was given the Assets Declaration Form, he did not include those items,” he added.
The prosecution then tendered both the first defendant’s statement as well as the Asset Declaration Form.
They were admitted in evidence as exhibits P5 and P6 by the court.
Consequently, Justice Dada adjourned the case till Tuesday, October 8, 2024, for the continuation of trial.
The Oyo State Police Command has arrested a suspected serial burglar, Nasiru Abiodun, over multiple burglary incidents in the Ejiooku/Iyana Offa area of Ibadan, recovering stolen property estimated at ₦16.22 million.
The Command disclosed this in a statement issued on Sunday, November 1, 2026, by its Police Public Relations Officer, DSP Ayanlade Olayinka.
According to the statement, the suspect was arrested on October 31, 2026, at about 9:45 a.m. following a report from concerned residents of Oyewole Zone 2, Ile-Igbon, in the Ejiooku/Iyana Offa area.
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Operatives of the Violent Crime Response Unit (VCRU), Maku Base, reportedly apprehended Abiodun at a residential apartment with a sack containing house cables and other valuable items estimated at ₦3 million.
During interrogation, the suspect allegedly confessed to burgling four different residential apartments within the area, carting away house cables, mobile phones, motorcycle batteries and other household valuables.
The police put the total estimated value of items stolen from the four apartments at ₦16.22 million, adding that some of the stolen property had already been recovered from the suspect.
Following his confession, operatives visited the identified crime scenes to establish relevant facts and advance the investigation.
The Command said efforts had been intensified to recover the remaining stolen items and apprehend other individuals suspected of receiving the stolen property.
It also appealed to residents of Ejiooku/Iyana Offa, Ile-Igbon and adjoining communities who may have experienced burglaries recently to report such incidents to the nearest police station or the Maku Base of the VCRU.
The appeal, according to the police, is aimed at identifying other possible victims and facilitating the recovery of additional stolen property.
The Commissioner of Police, Oyo State Command, CP Abimbola Ayodeji Olugbenga, reiterated the Command’s commitment to tackling criminal activities through proactive policing, intelligence-driven operations and collaboration with members of the public.
He also urged residents to remain vigilant and promptly provide credible information that could assist the police in preventing and detecting crime.
The police provided the Oyo State Call Response Centre toll-free number, 615, and the Command’s control room numbers, 08081768614 and 07055495413, for emergency reports.
The Nigerian Navy has uncovered 132,000 litres of stolen crude oil in Allison community, Bonny Local Government Area, Rivers State.
This was detailed in a statement by the Director of Naval Information, Navy Captain Abiodun Folorunsho, in which he disclosed that the Forward Operating Base Bonny discovered the stolen crude oil under Operation Delta Sentinel, following actionable intelligence.
He said the operation uncovered 10 dugout pits, adding that the site and the recovered products were handled in accordance with extant regulations.
“The operation reinforces the importance of intelligence-led action in identifying concealed petroleum stockpiles and disrupting the infrastructure that enables crude oil theft and the unauthorised movement of petroleum products.
“The Nigerian Navy will sustain efforts to locate and dismantle illegal refining infrastructure and disrupt the networks facilitating crude oil theft across the Niger Delta,” the statement said.
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The Navy urged community leaders, residents, traditional institutions and other stakeholders to promptly report crude oil theft, illegal refining, suspicious petroleum storage and the unauthorised movement of petroleum products to the nearest security agency.
Timely, credible information, the statement said, could enable swift intervention and prevent illicit activities from expanding.
“Safeguarding the nation’s critical petroleum assets requires vigilance and active cooperation between security agencies and the communities they serve. The Navy therefore urges the public to remain alert and support lawful efforts to protect national resources,” Folorunsho concluded.
The Delta State Police Command has arrested a 28-year-old school bus driver, Onome Lucky Ughagha, over the alleged kidnapping and sexual assault of a 14-year-old female student in Sapele, after reportedly collecting ₦503,000 in ransom from the victim’s father.
The suspect was arrested on October 23, 2026, following investigations into the incident, which was reported to the Sapele Area Command on October 20 by the victim’s father.
The statement was signed by the Police Public Relations Officer of the Delta State Command, SP Bright Edafe, and dated October 25, 2026.
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According to the police, the father alleged that the suspect abducted his daughter while she was preparing to leave for school. The suspect reportedly contacted him afterward, demanded ₦503,000 and threatened to kill the minor if the ransom was not paid.
After the payment was made, the victim was allegedly abandoned along Oton Road in Sapele, where she was reunited with her family in a traumatised condition, with indications of sexual assault.
Following the report, operatives of the Sapele Area Command commenced investigations, while the victim was taken to a medical facility for examination and treatment.
The police also invited the school’s principal and vice principal for questioning as investigations continued.
The suspect reportedly abandoned the school bus and fled after the incident. However, acting on credible intelligence, police operatives traced him to his hideout in the Ajimele area of Sapele, where he was arrested on October 23.
During preliminary interrogation, the suspect reportedly confessed to his involvement in the crime, according to the police.
The command said arrangements were underway to transfer him to the State Criminal Investigation Department in Asaba for further investigation.
Reacting to the incident, the Commissioner of Police in Delta State, CP Samuel E. Erale, condemned the alleged crime and reaffirmed the command’s commitment to protecting children from violence and exploitation.
The commissioner reiterated the command’s commitment to “protecting children from all forms of violence and exploitation.”
He also assured the public that “investigations will be thorough and that anyone found culpable will be brought to justice.”
Erale further called on school authorities, parents and transport operators to exercise greater vigilance in safeguarding children, stressing that “the safety of every child entrusted to their care must remain paramount.”
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