“The Most Useless and Corrupt Agency” — Mompha Slams EFCC for Linking Him to Suspected Fraudster

💥 Drama in Lagos 💥 Businessman Ismaila Mustapha, popularly known as Mompha, has lashed out at the Economic and Financial Crimes Commission (EFCC) after the agency associated him with the arraignment of Sarumi Samusudeen Babafemi, a suspected fraudster.

The EFCC had announced that Babafemi, alongside his companies — 606 Autos Limited, 606 Music Limited, and Splash Off Entertainment Limited — was arraigned on a five-count charge of conspiracy, concealment, and transfer of proceeds of crime amounting to ₦206 million, contrary to the Criminal Law of Lagos State.

Before Justice Rahman Oshodi, Babafemi pleaded not guilty, and while the prosecution asked for him to be remanded, the defense filed for bail. The judge granted the application, releasing the defendant to his counsel pending trial, now scheduled for March 24, 2026.

Count one of the charge alleges that Babafemi, as MD/CEO of the companies, conspired with Mompha and others to conceal funds and transfer N37.6 million to one Omojadesola Shittu Allison. Count two alleges a similar transfer of ₦93 million to another individual.

Reacting on Instagram, Mompha slammed the EFCC, calling the agency the “most useless and corrupt agency” in Nigeria for associating him with Babafemi’s arraignment. His post reflects growing frustration among Nigerians about perceived inefficiencies and overreach by anti-graft agencies.

For Mompha, it’s not just about clearing his name — it’s a statement against what he sees as a mismanaged and politically motivated system, showing that even high-profile figures aren’t immune to controversial government actions.