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Mompha Operates Unlicensed BDC – EFCC Witness Tells Court

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Mompha arrested in Abuja

A witness has told the court that popular Instagram celebrity, Ismaila Mustapha aka Mompha operates unlicensed Bureau De Change (BDC).

This was said at the resumed trial of Mompha on Wednesday, March 18, 2020 before Justice A. Mohammed Liman of a Federal High Court sitting in Ikoyi, Lagos.

The prosecution witness told the court that Mompha did not remit tax to the Federal 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 N33 billion brought against him by the Economic and Financial Crimes Commission (EFCC).



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