The Economic and Financial Crimes Commission, has arraigned one Ismaila Mustapha, (Mopha) and Ismalob Global Investment Limited for money laundering before Justice Mojisola Dada of the Special Offences Court sitting in Lagos.
The Mopha and Ismalob are arraigned on counts bordering on ‘conspiracy to launder funds obtained through unlawful activities, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activities, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from an unlawful act.”
A statement by the Head of Media of the EFCC, Mr Wilson Uwujaren, on Wednesday stated that Mopha, Ahmadu Mohammed (now at large), and the company conspired to commit the offence to the tune of N5,998,884,653.18 ( Five Billion Nine Hundred and Ninety-eight Million Eight Hundred and Eighty-four Thousand Six Hundred and Fifty-three Naira Eighteen Kobo).
The counts read, “Ismaila Mustapha, Ahmadu Mohammed (at large) and Ismalob Global Investment Limited, sometime in 2016 in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to conduct financial transactions to the tune of N5,998,884,653.18 ( Five Billion Nine Hundred and Ninety-eight Million Eight Hundred and Eighty-four Thousand Six Hundred and Fifty-three Naira Eighteen Kobo), with the intent of promoting the carrying on of specified unlawful activity to wit: Obtaining by false pretence.”
“Ismaila Mustapha, on or about the 20th day of October 2019 in Lagos, within the jurisdiction of this Honourable Court, failed to furnish any information in relation to your interest in expensive wristwatches and other movable assets: ROLEX OYSTER PERPETUAL WRISTWATCH, AUDEMARS PIGUET WRISTWATCH, AUDEMARS PIGUET-J46220 WRISTWATCH, XY HUBLOT-1321920 WRISTWATCH, XY HUBLOT-924206 WRISTWATCH and iPhone 8 worth over N70,000,000.00 (Seventy Million Naira), as required in page 10 of the Declaration of Assets Forms and you thereby committed an offence.”
The commission also accused MOPHA of colluding with one Olayinka Jimoh ( aka Nappy Boy) to retain an aggregate sum of N52 million believed to be proceeds of criminal conducts between January 28, 2019 and February 11, 2019.
According to Uwujaren, the suspect pleaded not guilty to the eight counts charge and was remanded in EFCC custody for the hearing of the bail application by his Counsel, Gboyega Oyewale, on January 18, 2023.
