Magi Praises EFCC Over Mompha & Lebanese Associate’s Arrest
The acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu has hailed the commission over the arrest of Ismaila Mustapha, also known as Mompha, and his Lebanese associate, Hamza Koudeih.
Magu made the recommendation during an interactive session with stakeholders at EFCC’s office in Lagos on Thursday.
The EFCC head said the arrests have confirmed the agency’s commitment to the anti-graft war.
Mompha and Koudeih are alleged to have been involved in internet-related fraud and money laundering to the tune of N33 billion.
Speaking, Magu said: “The recent arrests of a social media celebrity, Ismaila Mustapha, popularly known as Mompha, and his Lebanese collaborator, Hamza Koudeih, for their alleged involvement in internet-related fraud and money laundering remains a landmark achievement of the EFCC.
“I make bold to tell you that these arrests have further confirmed our commitment to the anti-graft war, while also sending a red alert to potential internet fraudsters.
“I am sure you will be greatly shocked to know that five wristwatches valued at over N60 million were recovered from the suspected internet fraudster, Mompha, at the point of arrest.
“Investigation has also revealed that he operates 51 bank accounts in Nigeria with which he acquires properties in Dubai and had laundered about N14 billion through a firm known as Ismalob Global Investments Limited.
“His accomplice, Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19 billion. Koudeih lives in a $5 million per annum suite at the Eko Atlantic Pearl Tower, Victoria Island, Lagos.
“They will be charged to court accordingly as soon as investigation is concluded, he said, adding that EFCC would commence auctioning of recovered items soon.