Monday, September 27, 2021

Hushpuppi: EFCC denies advising Mompha to keep low profile

Must read

- Advertisement -

The Economic and Financial Crimes Commission, EFCC, wishes to dissociate itself from claims by Ismaila Mustapha, alias Mompha, currently circulating in the social media, that he was advised by the commission to keep a low profile in the wake of the indictment of his friend, Abbas Ramon alias Hushpuppi in a $1.1m international fraud conspiracy by US Law enforcement.

The claim which did not mention the official of the commission who supposedly gave the advice, is spurious and should be discountenanced.

The commission is not in the business of advising suspected internet fraudsters and it is far-fetched that it would counsel one against whom it has pending  criminal charge in court.

READ ALSO:   Buhari celebrates Tinubu at 69, says Asiwaju’s acumen, influence resonates in Nigeria
READ ALSO:   70 % of aviation accidents caused by human factors – NCAA DG

Mompha and his company, Ismalob Global Investment Limited are facing prosecution by the EFCC on a 22-count charge alleging various offences such as retention of proceeds of unlawful activities to wit; fraud, failure to report transaction to the Commission as required by the provision of the Money Laundering Prohibition Act, 2011 (as amended), negotiating foreign exchange without license, contrary to Section 5 and 29 of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act, 2004; engaging in foreign exchange transaction other than through the official foreign exchange market, contrary to provision of Section 11(1) (a) of the National Economic Intelligence Establishment Act to the tune of N32billion before Justice A. M. Liman of the Federal High Court sitting in Ikoyi, Lagos.

READ ALSO:   WTO ranks Nigeria as Africa’s number 1 importer of commercial services
READ ALSO:   $15m fraud: Courts refuses Patience Jonathan’s claim to $9.8m

The Commission had called 10 witnesses and closed its case. But rather than enter his defense, Mompha filed a no-case submission which was overruled by the Court and called upon to open his defense.

- Advertisement -

More articles


Please enter your comment!
Please enter your name here
READ ALSO:   Former minister begs for out-of-court settlement with EFCC

- Advertisement -

Latest article

- Advertisement -