He said: “Five wristwatches valued at over N60 million were recovered from Mompha at the point of arrest.
“Investigation has also revealed that he operates 51 bank accounts in Nigeria with which he acquired properties in Dubai and had laundered about N14 billion through 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 five million dollar per annum suite at the Eko Atlantic Pearl Tower, Victoria Island Lagos.’’
He restated the commission’s resolve to rehabilitate those ready to turn a new leaf, and help them to put their skills to good use.
According to him, “the youth must learn the virtues of integrity and hard work as the path to sustainable wealth.
“They must realise that crime does not pay; rather it will destroy their prospects and ruin their chances of decent living.
“For those who are remorseful and prepared to turn a new leaf, the commission is fully disposed to help in channeling their energies and cyber skills to positive venture.
“We are considering a policy that will help in the rehabilitation of convicted, but repentant Internet fraudsters.
“This is to ensure that their skills are positively applied in helping to build a better Nigerian society.”
