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Money Scandal: EFCC Drags Mompha’s Associate To Court Over N206m Fraud

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Economic and Financial Crimes Commission, EFCC,

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned Sarumi Babafemi, a businessman and associate of social media celebrity Ismail Mustapha, aka Mompha, over an alleged N206 million fraud.

Babafemi and his companies — 606 Autos Ltd, 606 Music Ltd, and Splash Off Entertainment Ltd — are facing a five-count charge, which includes conspiracy, concealment, and the transfer of proceeds from criminal activities.

The EFCC alleged that Babafemi, who serves as Managing Director of the companies, conspired with Mompha and two others, Ridwan Allison and Richard Ugbah (currently at large), to hide the origin of funds and transfer the proceeds of crime.

ALSO READ: Faroukgate: Dangote Takes Petition Against Ex-NMDPRA Boss to EFCC

According to the anti-graft agency, between 2013 and 2018, Babafemi used his companies in Lagos to conceal the origin of the funds.

He is also accused of transferring N37.6 million to Omojadesola Allison, knowing the money was part of criminal proceeds.

The prosecution stated that the offences violate sections 332(1) and 323(2) of the Criminal Law of Lagos State, 2011.

EFCC’s counsel, Mr. Ayanfe Ogunsina, urged the court to set a trial date and remand the defendant at the correctional centre.

In his defence, Babafemi’s lawyer, Mr. Kunle Adegoke (SAN), said he had just received the charge and worked overnight to prepare a bail application.

He requested that Babafemi be released to him, assuring the court that his client would appear on the next adjourned date.

Justice Rahman Oshodi granted the bail application, ordering that Babafemi be released to his counsel upon filing an affidavit of undertaking.

The court has adjourned the case to March 24, 2026, for trial.

Crime

How a Woman Tried to Cash Out N50m by Faking Her Own Kidnapping

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Edo Cult Clash Leave 10 Dead In Three Days

A 45-year-old woman, Mrs. Oluchi Ugbowan, has been arrested by the Edo State Police Command for allegedly orchestrating her own kidnapping in a desperate attempt to extort N50 million from her family.

Police said the suspect, alongside three accomplices, staged an elaborate kidnapping drama, complete with videos showing her bound and allegedly held captive, in a bid to convince relatives that she had fallen into the hands of kidnappers.

ALSO READ: Edo Community In Shock As Gunmen Abduct Doctor, Brother

The Edo State Police Command disclosed on Tuesday that the scheme was uncovered following a complaint lodged by Mrs. Ugbowan’s husband, Mr. Tony Ugbowan, who reported that his wife had been kidnapped while on her way to her shop at Ramat Park along Agbor Road in Benin City.

According to police spokesperson ASP Eno Ikedem, the husband told investigators that he had received a call from an unknown individual using a concealed phone number, demanding a ransom of N50 million for his wife’s release.

The report prompted operatives of the Anti-Kidnapping Unit to launch an intensive investigation, combining intelligence gathering and technical tracking to uncover the truth behind the alleged abduction.

The breakthrough came with the arrest of one Israel Ability, 28, at Ramat Park, Agbor Road, Benin City. During the operation, detectives recovered a mobile phone belonging to the supposed victim.

Police said Ability later confessed during interrogation that the kidnapping was staged and that he had been recruited by Mrs. Ugbowan to negotiate ransom payments with her family while pretending she had been abducted.

Further investigations led officers to a hotel in Ukwuani Local Government Area of Delta State, where Mrs. Ugbowan was arrested on June 5, 2026.

During questioning, she allegedly admitted to masterminding the fake kidnapping and subsequently led investigators to the residence of another suspect, Ochukwudem Uwadia, 38, in Delta State.

According to the police, Uwadia’s residence served as the location where the fake kidnapping videos were produced.

The clips reportedly showed Mrs. Ugbowan with her hands and feet tied while emotional appeals for ransom were directed at her family.

Investigators also discovered that Uwadia’s 18-year-old son, Chibuzor Ochukwudem, allegedly participated in the scheme and was seen pointing a firearm at Mrs. Ugbowan’s head in the videos to make the kidnapping appear genuine.

Police said all four suspects connected to the alleged conspiracy have now been arrested.

A search conducted at the premises used for the production of the videos led to the recovery of an automatic pump-action gun allegedly used during the recording of the ransom footage.

The Edo State Police Command said the suspects will face prosecution upon the conclusion of investigations, warning members of the public against engaging in criminal schemes disguised as kidnapping incidents.

 

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Crime

EU Slaps Temu With €200m Fine Over Illegal Products

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The European Union has imposed a €200 million fine on Chinese-owned online retail platform Temu over the sale of illegal and unsafe products across its marketplace.

EU regulators announced the penalty on Thursday, accusing the e-commerce giant of failing to properly prevent dangerous items from reaching consumers within the bloc.

According to the European Commission, European shoppers were highly likely to encounter illegal products on Temu, including unsafe baby toys, defective chargers, and jewellery that failed safety standards.

SEE ALSO: European Union maintains its commitment to Mali

The EU said Temu failed to adequately assess the risks linked to illegal products being sold on its platform, adding that the company underestimated the level of harm such items could pose to consumers.

EU tech commissioner Henna Virkkunen said Temu’s rapid expansion in Europe made the issue more concerning, noting that millions of users could potentially be exposed to unsafe products.

Temu, however, disagreed with the decision and described the fine as “disproportionate.” The company stated that it had cooperated with regulators and already introduced additional measures to improve platform governance and user safety.

The sanction was issued under the European Union’s Digital Services Act, a major law aimed at holding large digital platforms accountable for illegal content and consumer risks online.

The platform, which entered the European market in 2023, has grown rapidly and now boasts about 130 million users within the EU.

Regulators also disclosed that investigations into other suspected breaches by Temu are still ongoing, including concerns over addictive app features and its recommendation systems.

Temu has been given until August 28 to submit a compliance plan outlining how it intends to address the violations or risk facing further penalties.

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Crime

N33.8bn Power Fraud: EFCC Nabs Ex-Minister Saleh Mamman After Months on the Run

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The Economic and Financial Crimes Commission (EFCC) has arrested former Minister of Power, Saleh Mamman, over his alleged involvement in a N33.8 billion fraud linked to power sector projects in Nigeria.

The arrest comes months after Mamman was convicted in absentia on multiple counts bordering on the alleged diversion of public funds meant for critical electricity infrastructure, including the Mambilla Power Project and other national power initiatives.

SEE ALSO: JUST IN: Court Remands Buhari’s Power Minister, Mamman In Kuje Prison

EFCC Chairman, Ola Olukoyede, confirmed that the former minister was apprehended at about 3:30 a.m. on Tuesday in the Rigasa area of Kaduna State following weeks of intelligence-led surveillance operations.

According to him, Mamman had evaded arrest since his conviction and sentencing, prompting a sustained nationwide search by EFCC operatives.

He said the arrest represents a major breakthrough in the commission’s efforts to ensure that all individuals found guilty of financial crimes are brought to justice, regardless of their status or influence.

Two suspects arrested for allegedly harbouring ex-minister

The EFCC also disclosed that two other individuals were arrested during the operation for allegedly assisting and providing shelter to the former minister while he was on the run.

Investigators are currently questioning the suspects to determine the extent of their involvement in aiding a convicted fugitive.
Properties and assets under investigation
The anti-graft agency further revealed that it has identified additional properties suspected to be linked to Mamman, adding that asset recovery processes are already underway.

EFCC boss Olukoyede noted that the case has exposed weaknesses in monitoring high-profile corruption trials, adding that reforms would be introduced to prevent similar lapses in future cases.

Prosecutor confirms enforcement of court order

The Director of Public Prosecution, Rotimi Oyedepo (SAN), said the arrest marks the enforcement of a court judgment, stating that Mamman’s conviction and sentence are now being fully implemented following his capture.

He added that the next step would be the ex-minister’s transfer to a correctional facility in line with legal procedures.

Bizteller recalls that Saleh Mamman was convicted over allegations of diverting funds allocated for major power projects, including the Mambilla hydroelectric scheme, one of Nigeria’s largest and most strategic energy investments.

The EFCC says the arrest underscores its commitment to tackling corruption and recovering stolen public funds across the country.

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