Instagram Big Boy Mompha Re-arraigned by EFCC Over Fraud

The Lagos Zonal office of the Economic Financial Crime Commission, EFCC, has re-arraigned Instagram big boy, Ismaila Mustapha popularly known as Mompha for alleged N32.9billion fraud.

Mompha was brought before Justice Mohammed Liman of a Federal High Court sitting in Ikoyi, Lagos State on Wednesday, March 4th, 2020.

Mompha was first arraigned alongside his company, Ismalob Ventures on November 25, 2019 on a 14-count charge bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria, CBN.

The defendant had pleaded “not guilty” to the charge and was granted bail in the sum of N100million with one surety in like sum.