The acting chairman, Economic and Financial Crimes Commission (EFFC) has described the arrest of Bureau De Change operator Mompha and his Lebanese accomplice, Hamza Koudeih as a testimony in fight against internet related fraud.
Speaking during an interactive session with stakeholders at the Lagos Zonal office of the Commission on Thursday, Magu said the arrests portrays EFCC’s commitment in tackling fraud related issues.
He said actionable intelligence received from local and international law enforcement agencies had revealed that the suspects, alongside their collaborators, were high-valued targets in Organized Cyber Syndicate Network, OCSN.
Magu said: “the recent arrests of Mompha, and Koudeih, for their alleged involvement in internet-related fraud and money laundering remain a landmark achievement of the EFCC.”
“I make bold to tell you that these arrests have further confirmed our commitment to the anti-graft war, while also sending a red alert to potential internet fraudsters.”
“Investigation has also revealed that
Mompha operates 51 bank accounts in Nigeria with which he acquires properties in Dubai and had laundered about N14billion through a firm known as Ismalob Global Investments Limited.”
“ Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19billion. Koudeih lives in a $5million per annum suite at the Eko Atlantic Pearl Tower, Victoria Island Lagos. “
The EFCC boss also stated that the Commission had begun forensic analysis of the phones, documents and “strange” items recovered from both suspects.
“They will be charged to court accordingly as soon as investigation is concluded,” he added.
The news of Mompha’s arrest was confirmed by EFCC’s spokesman , Wilson Uwujaren, confirmed last Tuesday afternoon.
Mompha, is renowned for his luxurious lifestyle which is well portrayed in his flagrant display of expensive cars, wristwatches, and bewildering landscapes and properties on Instagram.