Yahoo Yahoo Big Boy Mompha arrested by EFCC

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It is true that Ismaila Mustapha, a.k.a. Mompha, has been arrested by Economic and Financial Crime Commission, EFCC. Mompha is a social media celebrity who indulges in flaunting his flashy and luxurious possessions and is believed to be a yahoo yahoo big boy.

Mompha is a flamboyant Nigerian who loves showing off his acquisition of expensive luxury stuff. He is regarded as the Bureau de Change king in Nigeria. Mompha is believed by some to be in a competition with another social media celebrity, Hushpuppi. Hushpuppi claims that his money comes from real estate. What Mompha and Hushpuppi share in common is their flamboyant life style.

Before his arrest, Mompha made the news over his acquisition of the latest Rolls Royce Wraith Eagle VIII 2020. Mompha claims to be the very first African world over to have purchased and owned this vehicle. This was contained in his Instagram update where he congratulated himself for acquiring the ride for ₦180 million.

The news of Mompha’s arrest was first published by the controversial journalist, Kemi Olunloyo on Instagram. Ismaila Mustapha is said to have been arrested in Abuja. According to Kemi Olunloyo, Mompha had earlier fled to Dubai. His arrest came after the Invictus boss, Obi Okeke, was arrested in August in the US for fraud.

 Hours after her report, the Economic and Financial Crimes Commission (EFCC) confirmed the news of his arrest.

They also mentioned that the ‘smooth internet operator’ has confessed his involvement in two cases that have been filed against him. The EFCC, captured on their official Twitter account, that Mompha was arrested on the basis of alleged internet fraud and money laundering. This is actually the commission’s tweet about the Mompha’s story:

“Alleged Internet fraud, Money Laundering: EFCC Arrests Ismaila Mustapha, a.k.a Mompha. The EFCC, Lagos office, has arrested a renowned Social Media celebrity, Ismaila Mustapha popularly known as Mompha for an alleged involvement in internet related fraud and money laundering.

The suspect, a premium and first class customer of one of the popular international airlines, was arrested on Friday 18, October 2019 at the Nnamdi Azikiwe International Airport, Abuja on his way to Dubai Emirate following series of intelligence reports received by the Commission

“According to the EFCC operatives, “actionable cross border intelligence received from collaborative law enforcement agencies about his alleged involvement in the criminal activities further strengthened our suspicion”.

Ismaila who allegedly perpetrates his fraudulent activities under the guise of being a Bureau de Change operator is always seen with his little son flaunting huge amount of foreign currencies on his social medial platforms.

“Investigations have also revealed that Ismaila is only using the BDC business, he jointly owned with his siblings, as a decoy to launder his proceeds of crime.

However, the suspect has volunteered useful information to the operatives and has admitted to be reasonably involved in the first two cases he was alleged to be involved.”

Reacting to the news, some Nigerians show no surprise at his Mompha’s arrest, claiming it is justifiable given his lavish flamboyancy. For them, Mompha’s source of wealth is questionable.

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