”The most useless and corrupt govt agency”- socialite, Mompha, slams EFCC Over Link to N206m Crime Case
Businessman Ismaila Mustapha, popularly known as Mompha, has reacted angrily to a statement by the Economic and Financial Crimes Commission (EFCC) linking him to the arraignment of Sarumi Samusudeen Babafemi, who the agency described as one of his associates.
According to the EFCC, Babafemi and three companies, 606 Autos Limited, 606 Music Limited, and Splash Off Entertainment Limited, were arraigned before Justice Rahman Oshodi on a five-count charge involving conspiracy, concealment, and transfer of alleged proceeds of crime worth N206 million.
The EFCC said Babafemi pleaded not guilty, after which prosecutors requested that a trial date be fixed and that he be remanded in a correctional facility. However, Babafemi’s lawyer, Kunle Adegoke (SAN), appealed for him to be released to the defence, saying the bail application was already being processed.
Justice Oshodi granted the request, ordering Babafemi’s release to his counsel upon filing an affidavit of undertaking to produce him in court. The matter was adjourned to March 24, 2026 for the start of trial.
In one of the charges, the EFCC alleged that Babafemi conspired with Mompha and others between 2013 and 2018 to use his companies to conceal funds and transfer money believed to be linked to unlawful activity.
Reacting on Instagram, Mompha condemned the EFCC for associating him with the case, describing the anti-graft agency as the most “useless and corrupt” agency in Nigeria.
