₦airaland Forum

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Soup with rice.......in Igbo land?


...this is 'Stew'
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What a country.......

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Witness Tells Court How Mompha Operated Unlicensed BDC

Mompha is standing trial alongside his company, Ismalob Global Investments Limited, on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N33bn brought against him by the Economic and Financial Crimes Commission.

The trial of Ismaila Mustapha aka Mompha continued on Wednesday today, before Justice A. Mohammed Liman of a Federal High Court sitting in Ikoyi, Lagos, as a prosecution witness told the court that Mompha did not remit tax to the Nigerian Government for a period of seven months while his company was already in existence.

Mompha is standing trial alongside his company, Ismalob Global Investments Limited, on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N33bn brought against him by the Economic and Financial Crimes Commission.

The defendant, who is fingered as a major figure in an organised transnational cyber fraud network, allegedly used his company to launder the funds, part of which he used in acquiring properties in Dubai.

At the resumed sitting on Wednesday, the prosecution called four witnesses, three of which are Bureau De Change operators and an investigator with the EFCC.

Led in evidence by Rotimi Oyedepo, prosecution counsel, Kaina Garba, an investigator with the EFCC, narrated to the court how Mompha ran an unlicensed BDC and lied about the date operations commenced in his company leading to his evasion of tax for a period of seven months.

Kaina narrated to the court that sometime in 2019, the EFCC received intelligence on Mompha’s activities.

The intelligence was analysed and found to be credible.

“Investigation commenced and the defendant was arrested at the Nnamdi Azikiwe International Airport, Abuja, on his way from Dubai where he stays.

“A bank verification was ran on his Fidelity Bank account and it was revealed that he is associated with some accounts one of which is Ismalob Global Ventures Limited.

“Letter of enquiry was sent to the Corporate Affairs Commission and it revealed that he is a director at the company and the sole signatory to the account.

“Letter of enquiry was sent to the Special Control Unit against Money Laundering and the Central Bank of Nigeria to ascertain if the company was registered and licensed to carry out BDC activities and the responses showed that Ismalob was not a licensed BDC neither was it registered with SCUML,” he said.

Kaina also revealed to the court that a letter was written to the Federal Inland Revenue Service and the response showed that there was a suppression of seven months on the date when transactions commenced at Ismalob and for those months, there were no payment of taxes by the company.

He further said that the analysis of the Statement of Account on the Fidelity Bank account of Ismalob revealed a total turnover of over N8bn between December 2015 and September 2019.

Justice Liman adjourned further hearing in the matter to Thursday.

http://saharareporters.com/2020/03/18/witness-tells-court-how-mompha-operated-unlicensed-bdc

....So this guy was arrested late last year in connection with 'BEC' fraud. The headlines were sensational claiming he had stolen billions.

But within a month or so he was a free man partying hard in Nigeria with the likes of 'naira marley' and 'E Money' like a celebrated criminal.

Shortly after he flies out of Nigeria back to Dubai and continues his flamboyancy.

Whilst the above was taking place 'Hushpuppi' went quite, changed his profile on insta and laid low. Almost as if he feared what was coming namely his arrest.

He had been cool with 'Mompha' and then they fell out - more than likely over money.

Mompha had a legitimte business as a 'burea de change operator'. It's obvious this is a front to help launder money for criminals including politicians and 'yahoo boys' like 'Hushpuppi'.

He gained his freedom by 'snitching' on a few criminals he was acquainted with and certainly 'Hushpuppi' secrets were revealed. A few months later 'Hushpuppi' was busted along with some of his crew.

'Hushpuppi' no doubt is a criminal and he deserves everything coming his was because that's how crime works - when you get caught you pay one way or the other. But as far as I'm concerned if you are a crime facilitator like 'Mompha' you are even worse than the criminal you assist.

In the western world if you are caught stealing a car and then sell it on to someone who knows the car is stolen and you are both caught, the purchaser of the stolen goods will receive a harsher sentence than the person who stole in goods.

Be careful with who you associate with!



https://www.factnewsonline.com/images/news/Hush_Mompha.jpg

https://saharareporters.com/sites/default/files/styles/normal_medium/public/Mompha-in-court.png?itok=lTjikVpf

If you say so.....

MrSensor:
I will not reply you cause today is my birthday and I don't want to ruin it.

Better for you......cos I don shack 'palmi'!

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your right....

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AreaFada2:
It can. Maybe not fully. You actively draw air into your mouth and nose & expel from them when breathing.

Covering you mouth/nose also reduces how far your breathe can move from you towards others. Therefore protecting others.

It's not just about own protection. Crucial is infected people not showing symptoms (like 70 to 80% of those infected) not unknowingly infecting others who may be elderly/more vulnerable.

ok

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boman2014:
Read the headline again....

You're a joke!

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Gandollar - Where are the test kits?

...have you also stolen them?

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Gap toothed laughing thief.....

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Chai....come see topic!

...dis man no go 'Rest in Peace' ohh

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A nother

P olitical

C asualty

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Cheap Vanity....

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Sai Buhari....

anyway, we will see you back in 2023

mark my words!

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Hushpuppy tings...

China!

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You can't tax zero income...

No chop?

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These people no fear covid?

and so?

How is this worthy of the front page?

who is the father of the baby self? Davido?

or a Tinubu?....rendered useless by Buhari?

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Giant of Africa?..................what a country

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Life shah........

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Not surprised....most of their doctors are also fake!

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ok

Hushpuppi comes to mind..............conglomerate this, conglomerate that? 419 company!

de man wey wear red resemble satan small!

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