Ismaila Mustapha popularly known as Mompha has been remanded in prison custody over alleged involvement in
Mompha appeared before a Federal High Court sitting in Lagos on Monday morning after being arraigned by the Economic and Financial Crimes Commission(EFCC).
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Justice Mohammed Liman, the presiding judge made the remand order shortly after Mompha was arraigned before him on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria.
Mompha became quickly popular among Nigerian Instagram users for flaunting his extravagance and affluence — which earned him a lot of followers and admirers.