The {Economic} and {Financial} Crimes Fee (EFCC) has arraigned Sarumi Samusideen Babafemi, an affiliate of social media movie star Ismail Mustapha, often known as Mompha, alongside three corporations over an alleged N206 million fraud.
The anti-graft company disclosed this in a press release posted on its official X platform on Tuesday, January 20, 2026.
The arraignment follows ongoing investigations into alleged cash laundering actions linked to Mompha and his associates, with transactions mentioned to have occurred between 2013 and 2018.
In keeping with the EFCC, Babafemi was arraigned earlier than Justice Rahman Oshodi of the Particular Offences Courtroom sitting in Ikeja, Lagos, alongside 606 Autos Restricted, 606 Music Restricted, and Splash Off Leisure Restricted.
The Fee mentioned the defendants are going through a five-count cost bordering on conspiracy, concealment, and switch of proceeds of crime amounting to N206 million, opposite to Part 332(1) of the Prison Legislation of Lagos State, 2011.
In one of many counts, the EFCC informed the court docket:
One other depend alleged that Babafemi used his corporations’ accounts to hide and switch N93,000,000 between 2015 and 2018 to 1 Olanrewaju Ibrahim Oriyomi, understanding or moderately anticipated to know that the funds had been proceeds of illegal exercise
The EFCC added that Babafemi pleaded not responsible to all the costs once they had been learn to him.
Following the plea, the prosecution counsel, Ayanfe Ogunsina, requested the court docket to repair a date for the graduation of the trial and requested that the defendant be remanded in a correctional centre.
Nevertheless, Babafemi’s defence counsel, Kunle Adegoke, SAN, informed the court docket he had solely acquired the cost the day past and had labored in a single day to organize a bail software, which was already in course of. He urged the court docket to launch the defendant to him, assuring that he could be produced on the following adjourned date.
Justice Oshodi granted the appliance and ordered that Babafemi be launched to his counsel upon the submitting of an affidavit of enterprise to provide him in court docket on the subsequent listening to.
The case was adjourned until March 24, 2026, for the graduation of the trial.
Ismaila Mustapha, popularly often called Mompha, is one among Nigeria’s most high-profile defendants in EFCC {financial} crime instances, with a protracted historical past of alleged cash laundering and associated offences relationship again a number of years.
He was granted bail early within the 2022 proceedings, however his bail was later revoked, and a bench warrant was issued on account of his failure to look in court docket as required.
In latest court docket proceedings, a Lagos Particular Offences Courtroom rejected a no-case submission from Mompha and his firm in November 2025, ruling that the EFCC had supplied ample proof for the trial to proceed and ordering them to current their defence