Hours after news surfaced that popular Nigerian Bureau De Change King Mompha was nabbed in Abuja, the Economic Financial Crimes Commission, EFCC, has confirmed the report.
EFCC in a statement on Tuesday said the Lagos Zonal office arrested the renowned Social Media celebrity for an alleged involvement in internet related fraud and money laundering.
EFCC wrote: The suspect 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.
Adding that, “actionable cross border intelligence received from collaborative law enforcement agencies about his alleged involvement in the criminal activities further strengthened our suspicion”.
Ismaila allegedly perpetrates his fraudulent activities under the guise of being a Bureau de Change operator. 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.
At the point of arrest, five wristwatches with a total worth of over Twenty Million Naira (N20, 000, 000: 00) was recovered from him. The suspect will soon be charged to court as soon as investigation is concluded.