News

Fraud: Interpol Arrests Instagram Bigboy Mompha

  • Fraud: Interpol Arrests Instagram Bigboy Mompha

The self-acclaimed bureau de change operator, Ismaila Mustapha, popularly known as Mompha on social media, has been arrested by anti-graft operatives in Abuja, Nigeria.

In a report published by Premium Times, the socialite was arrested in connection with graft.

While the details of his arrest can not be established at the moment, he is presently being detained by the Economic and Financial Crime Commission (EFCC) in Lagos.

A spokesperson of the commission, Wilson Uwujaren, confirmed Mompha has been taken into custody.

The Instagram billion with nearly 650,000 followers recently featured a yellow Ferrari and a 2020 Rolls Royce Wraith Eagle VIII he claimed to have acquired for N180 million.

Ismaila Mustapha, popularly known as Mompha

Mompha has been previously arrested by the EFCC between late 2018 and early 2019, according to operatives he was released without charges.

However, the anti-graft kept monitoring the Mompha expensive lifestyle.

The EFCC, Interpol and the US Federal Bureau of Investigation have intensified efforts to curb internet fraud and other crimes linked to Nigerians.

Ismaila Mustapha, popularly known as Mompha

It should be recalled that Invictus Obi was arrested in a similar fashion in the US in August in connection with over $12 million wire fraud.

Like Mompha, Obi was a popular personality among Nigerian youths and in 2016 he was listed number 13th in Forbes Africa’s Under 30 as Africa’s Most Promising Entrepreneur.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Ecobank and CrediCorp Launch Affordable Loan Programme for Salary Earners

Ecobank Nigeria, in partnership with the Nigerian Consumer Credit Corporation (CrediCorp), has unveiled an innovative…

31 minutes ago

Wema Bank Completes N40 Billion First Tranche, Eyes N200 Billion Final Capital Raise

Wema Bank Plc has announced plans to complete its capital raise with a combination of…

1 hour ago

CBN, Shell, and Sterling Bank Under Scrutiny for Alleged Financial Mismanagement

The House Committee on Public Accounts has launched an investigation into the Central Bank of…

2 hours ago

Nigeria Secures $6.7 Billion Energy Sector Investment in 2024

The Federal Government has revealed that Nigeria’s energy sector received a total investment of $6.7…

3 hours ago

UK Tightens Grip on Apple and Google With Antitrust Investigations into iOS and Android

The UK’s Competition and Markets Authority (CMA) has launched antitrust investigations into Apple Inc. and…

3 hours ago

Nigeria Nears 1.5 Million-Barrel OPEC+ Quota as Output Climbs Amid Security Gains

Africa’s largest crude oil producer, Nigeria, oil production is nearing its 1.5 million-barrel-per-day (bpd) quota…

4 hours ago