Friday, 1 November 2019

Mompha is our biggest catch in recent times. He has stolen over 33 billion Naira with his gang- EFCC boss, Ibrahim Magu says.


Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu has disclosed that the recent arrest and capture of Instagram celebrity Ismaila Mustapha aka Mompha and his Lebanese accomplice, Hamza Koudeih were their biggest catch in October 2019. 

He made this known during an interactive session with news men today, Friday 1st November, 2019, and that the anti graft agency recorded about 200 arrests of Internet fraud suspects in October alone. And that Mompha and his group are kingpins of an Organised Cyber Syndicate Network (OCSN) that has allegedly laundered about N33 billion.
In his words: “Investigation has also revealed that he operates 51 bank accounts in Nigeria with which he acquired properties in Dubai and had laundered about N14 billion through Ismalob Global Investments Limited. 
 His accomplice, Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19 billion. Koudeih lives in a five million dollar per annum suite at the Eko Atlantic Pearl Tower, Victoria Island Lagos.’’
Speaking further on cyber crimes, mostly Yahoo-Yahoo, he said: “high-end fraudsters that they can only run, but cannot hide, sooner than later, we will get them. The effort to flush out all fraudsters continues. At the same time, we will sustain the tempo of vigorous prosecution of fraud cases in court.
“Indeed, fraudsters account for a huge percentage of the 890 convictions that has been recorded by the commission this year. A number of assets have been seized, while victims have also enjoyed restitution by order of court”.  
The EFCC boss then dropped the following words for the youths: “The youth must learn the virtues of integrity and hard work as the path to sustainable wealth. They must realise that crime does not pay; rather it will destroy their prospects and ruin their chances of decent living.
“For those who are remorseful and prepared to turn a new leaf, the commission is fully disposed to help in channeling their energies and cyber skills to positive venture. We are considering a policy that will help in the rehabilitation of convicted, but repentant internet fraudsters. This is to ensure that their skills are positively applied in helping to build a better Nigerian society.”



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