Ismaila Mustapha, also known as Mompha, has labeled the Economic and Financ,ial Crimes Commission (EFCC) as a "useless" and corrupt entity.

Ismaila Mustapha aka Mompha

 Popular businessman, Ismaila Mustapha aka Mompha, has described the Economic and Financial Crimes Commission, EFCC, as a “useless” and corrupt organisation.

Mompha's outburst came as a reaction to the EFCC's recent disclosure that an astonishing N35 billion was found in his bank account. 

Idi Musa, a prosecution witness and EFCC investigator, testified in court that this sum was discovered in two accounts linked to Mompha. 

During the ongoing trial of Mompha, who faces charges of money laundering with his company, Ismalob Global Investment Limited, Musa provided his testimony. 

Mompha was arraigned by the anti-graft agency on an eight-count charge, which includes conspiracy to launder unlawfully obtained funds, retention of criminal proceeds, and failure to disclose assets, among other allegations. 

The trial, which has been active since January 2022, saw new developments with the EFCC witness's recent testimony. 

It was reported, "On Monday, July 1, 2024, Idi Musa, the sixth prosecution witness and an EFCC investigator, informed Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, about the discovery of N35bn in two bank accounts associated with the defendant." 

The EFCC's Lagos Zonal Command had previously arraigned Mompha and his company on January 12, 2022, on charges related to conspiracy, money laundering, and other financial crimes. 

Responding to the report, Mompha criticized the EFCC on Instagram, calling it "the most useless and corrupt Nigerian government agency."