Mompha Describes EFCC as “Useless and Corrupt

Ismaila Mustapha, better known as Mompha, has publicly denounced the Economic and Financial Crimes Commission (EFCC) as a “useless” and corrupt entity.

This statement comes amidst ongoing legal proceedings where the EFCC alleges the discovery of a substantial sum of N35 billion in Mompha’s bank accounts.

Mompha, who is facing charges related to money laundering through his company, Ismalob Global Investment Limited, has been on trial since January 2022.

The charges include conspiracy to launder funds, retention of proceeds of criminal conduct, and failure to disclose assets.

During the trial, EFCC investigator Idi Musa testified that the contested funds were traced to two of Mompha’s bank accounts.

In response to these accusations, Mompha vehemently criticized the integrity of the EFCC and dismissed the allegations against him.

The businessman took to Instagram to express his frustration, describing the EFCC as “the most useless and corrupt Nigeria government agency.”

The case continues to unfold in the Special Offences Court sitting in Ikeja, Lagos, where Mompha and his company are facing multiple charges.

The outcome of this high-profile trial will undoubtedly draw significant attention in Nigeria’s legal and financial sectors.