Recently released Nigerian socialite, Mompha has revealed in a new video that he is not a Yahoo boy.
On Monday, December 9, 1st News reported that the Dubai-based socialite regained his freedom after meeting up with his bail requirements. Subsequently, Ismaila Mustapha aka Mompha returned to the photosharing app, Instagram to denounce his alleged affiliation with internet fraud. This was barely 24 hours after his release.
Meanwhile, the embattled Bureau De Change dealer had fulfilled his bail conditions on Monday after he was arraigned by the Economic and Financial Crimes Commission (EFCC) on 14 counts bordering on fraud, and money laundering.
After fulfiling his N100m bail condition, he went on IG live on Tuesday afternoon to celebrate with his friends.
Singing to the popular rapper, NairaMarley’s song, ‘Am I a yahoo boy?’ the embattled Instagram big boy said he is not a Yahoo Boy.
EFCC remands Mompha for alleged money laundering
In the suit he filed before the Lagos State High Court in Igbosere; Mompha demanded N5m against the EFCC. Specifically, his counsel argued that this is for keeping him in detention beyond the constitutionally-allowed period; without being charged to court.
Specifics of Mr Mustapha’s offence, especially the amount and illicit trade involved; could not be immediately obtained. Meanwhile, he was detained as well as later arraigned by the EFCC in Lagos.
“Mustapha allegedly perpetrates his fraudulent activities under the cover of being a Bureau de Change operator; to launder his proceeds of crime,” the EFCC spokesman, Wilson Uwujaren had said during the time of his arrest.
The arrest was reportedly a joint operation between Interpol and the EFCC.
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.