Alleged fraud efcc re arraigns mompha on amended charges

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EFCC Rearraigns Mompha on Amended Charges of Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has re-arraigned Ismaila Mustapha, popularly known as Mompha, on amended charges of alleged fraud before a Federal High Court in Lagos.

Mompha, a social media influencer and businessman, was initially arraigned on July 18, 2019, on 14 counts of alleged fraud, including money laundering and conspiracy. However, the EFCC has now amended the charges to 22 counts, which include alleged fraud, money laundering, and illegal dealing in foreign exchange.

The amended charges alleged that Mompha, between 2015 and 2019, used his company, Global Investment Limited, to launder funds and engage in other fraudulent activities. The EFCC also alleged that Mompha used his social media influence to promote fraudulent schemes and attract victims.

Mompha pleaded not guilty to the amended charges, and the court has adjourned the case to October 26, 2022, for further proceedings.

The EFCC has accused Mompha of using his social media influence to defraud unsuspecting victims, and the agency has seized several assets, including properties and vehicles, allegedly linked to the alleged fraud.

The case is ongoing, and Mompha's legal team has denied any wrongdoing, claiming that the allegations are baseless and politically motivated.

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