The arrest of popular Instagram big boy, Ismaila Mustapha, aka Mompha, has been confirmed by the Economic and Financial Crimes Commission.
On Monday, multiple sources online reported the arrest of the self-acclaimed Dubai-based bureau de change operator. These speculations have now been confirmed true by the EFCC.
Wilson Uwujaren, a spokesperson for the EFCC, in a chat with 'Premium Times', confirmed that the suspect is in the custody of the anti-graft agency.
Mompha's arrest was a joint operation between Interpol and the EFCC and it was revealed that he was arrested in connection to alleged graft.
The lavish spender was said to have been apprehended in Abuja but has now been moved to Lagos.
Also, Umar Garba, Nigeria’s head of Interpol, confirmed the arrest to newsmen, but redirected all enquiries to the EFCC which, according to him, is the primary law enforcement institution in charge of the investigation.
Mr Mustapha is largely known as one of the wealthiest Nigerian socialites on social media where he posts pictures of his family’s wealth.
In recent Instagram posts, Mompha featured a yellow Ferrari and a 2020 Rolls Royce Wraith Eagle VIII, which he claimed to have purchased for N180 million.
The popular social media personality, who has almost 650 thousand followers, claimed to be the first African to own one out of the 50 exotic Rolls Royce.
According to many who claim to know Mr Mustapha, he has been into bureau de change business for many years in Dubai where he lives with his young family.
His arrest comes at a time when the EFCC has stepped up its fight against internet fraud and other financial crimes by collaborating with international crime-bursting bodies like the Interpol and United States Federal Bureau of Investigation.
It's yet unknown the case against Mr Mustapha and if he would be charged to court anytime soon.
Since August, hundreds of Nigerians have been arrested and some convicted on suspicion of money laundering and Internet fraud.