EFCC Accused Of Corruption And Ineffectiveness By Mompha

EFCC Accused Of Corruption And Ineffectiveness By Mompha....KINDLY READ THE FULL STORY HERE▶

Businessman Ismaila Mustapha, popularly known as Mompha, has strongly criticized the Economic and Financial Crimes Commission (EFCC), labeling it as “ineffective” and corrupt. His comments follow the EFCC’s assertion that a substantial sum of N35 billion was discovered in his bank accounts……… CONTINUE READING

Mompha is currently engaged in a legal dispute with the EFCC over multiple charges of money laundering related to his company, Ismalob Global Investment Limited. He faces accusations including conspiracy to launder funds from unlawful activities, retention of proceeds of criminal conduct, and failure to declare assets.

During the ongoing trial that began in January 2022, EFCC’s prosecution witness and investigator, Idi Musa, testified that the mentioned funds were traced to two bank accounts associated with Mompha.

In response, Mompha vehemently criticized the anti-corruption agency, refuting the allegations and casting doubts on the EFCC’s credibility. The EFCC had initially arraigned Mompha and his company on January 12, 2022, with charges including conspiracy to launder funds, unlawful retention of criminal proceeds, and other related offenses.