Ismaila Mustapha, (aka Mompha), a self-acclaimed bureau de change operator whose posh lifestyle has made him a darling of Instagram users, has been arrested by anti-graft operatives.alleged graft.
Specifics of Mr Mustapha’s offence, especially the amount and illicit trade involved, could not be immediately obtained. He is detained by the EFCC in Lagos.
News of the arrest of Mr Mustapha, widely known by his business moniker ‘Mompha’, spread quickly as a rumour across Nigerian social media Monday evening.
Mr Mustapha has cut a personality of one of Nigeria’s wealthiest socialites on social media, using Instagram to post pictures of his family’s wealth.
It was unclear whether the suspect had contacted his legal representatives and when he would be charged to court.
The arrest comes as EFCC ramps up its collaboration with international crime-busting bodies like the Interpol and United States Federal Bureau of Investigation to check Internet fraud and other white-collar crimes linked to Nigerians.
Since August, hundreds of Nigerians have been arrested in a sweeping crackdown on suspected Internet fraudsters and money laundering gangs in the U.S. and Nigeria. Some of those arrested during that time have convicted and sentenced to prison by Nigerian courts.theelites