The Economic and Financial Crimes Commission (EFCC) has filed a 14-count charge bordering on alleged fraud and money laundering against Bureau De Change boss Ismalia Mustapha, popular known as Mompha.
EFCC announced the charge on its official Facebook account. The post revealed that Mompha would be arraigned before Justice Mohammad Liman of the Federal High Court in Ikoyi, Lagos on Monday, November 25.
According to the commission, Mompha would be arraigned with his company, Ismalob Investments Limited.
The commission said the charges border on money laundering to the tune of several billions of naira. It was also revealed that Mompha was arrested following a series of actionable intelligence linking him to money laundering on Friday, October 18.