EFCC arraigns Mompha’s affiliate, Sarumi Babafemi, over alleged N206 million fraud
The {Economic} and {Financial} Crimes Fee (EFCC) has arraigned Sarumi Samusideen Babafemi, an affiliate of social media celeb Ismail Mustapha, often known as Mompha, alongside three firms 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.
Based on 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 dealing with 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 Felony Legislation of Lagos State, 2011.
In one of many counts, the EFCC informed the courtroom:
One other rely alleged that Babafemi used his firms’ accounts to hide and switch N93,000,000 between 2015 and 2018 to at least one Olanrewaju Ibrahim Oriyomi, realizing or fairly anticipated to know that the funds had been proceeds of illegal exercise
The EFCC added that Babafemi pleaded not responsible to all the fees once they had been learn to him.
Following the plea, the prosecution counsel, Ayanfe Ogunsina, requested the courtroom 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 courtroom he had solely obtained the cost yesterday and had labored in a single day to arrange a bail utility, which was already in course of. He urged the courtroom to launch the defendant to him, assuring that he can 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 endeavor to provide him in courtroom on the subsequent listening to.
The case was adjourned until March 24, 2026, for the graduation of the trial.
Ismaila Mustapha, popularly referred to as Mompha, is one in every of Nigeria’s most high-profile defendants in EFCC {financial} crime circumstances, with an extended 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 as a result of his failure to look in courtroom as required.
In latest courtroom 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