At the resumed trial of Dubai-based Nigerian man Ismaila
Mustapha a.k.a Mompha on Wednesday January 15, it was alleged that he hid
N32.9billion transactions from the Special Control Unit Against Money
Laundering (SCUML) for 25 months.
EFCC accused the defendant of procuring Ismalob Global
Investment Ltd. and retaining in its account, an aggregate sum of N32.9 billion
between 2015 and 2018 between December 14, 2015 and January 25, 2018.
Prosecution witness
and an official of the Special Control Unit Against Money Laundering
(SCUML), Mr. Matthew Enu-Obun told
Justice Mohammad Liman that they had no record of the transaction as it was
hidden and not reported.
According to the
EFCC, Mompha who is not a financial institution or an authorised foreign
exchange dealer, negotiated foreign exchange transaction in the sums of
N9.416million, N20million, N10,437,400.00, N10miillion, N2.46million,
N10miillion, N100million, N61million, N100million, N40.7million and N42million.
He also allegedly
laundered money made from the transaction in tranches of N18,059,353,413
billion and N14,946,773,393.00 billion, an offence which contravened sections 15(2)
and 18(3) of the Money Laundering (Prohibition) Act, 2011 as amended.
The case was
adjourned for further hearing till February 26.
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