Wednesday, January 21, 2026 - Businessman, Ismaila Mustapha aka Mompha, has slammed the Economic and Financial Crimes Commission (EFCC), for associating him with the arraignment of one Sarumi Samusudeen Babafemi, who the agency in its statement described as one of his associates.
The EFCC in its statement said Babafemi alongside his
companies, 606 Autos Limited, 606 Music Limited, and Splash Off Entertainment
Limited, were arraigned on a five-count charge bordering on conspiracy,
concealment, and transfer of proceeds of crime to the tune of N206,000,000 (Two
Hundred and Six Million Naira), contrary to Section 332(1) of the Criminal Law
of Lagos State, 2011, and punishable under Section 332(3) of the same law.
The agency said before Justice Rahman Oshodi, the defendant
pleaded “not guilty” to the charge preferred against him.
The anti-graft agency said in view of the defendant’s “not
guilty” plea, the prosecution counsel, Ayanfe Ogunsina, asked the court to fix
a date for the commencement of the trial and also urged that the defendant be
remanded at a correctional centre.
However, the defence counsel, Kunle Adegoke (SAN), informed
the court that he had only received the charge the previous day and had worked
overnight to prepare an application for bail, which was already in process. He
urged the judge to release the defendant to him, assuring the court that he
would produce him on the next adjourned date.
Justice Oshodi granted the application and ordered that the
defendant be released to his counsel upon the filing of an affidavit of
undertaking to produce him in court on the next adjourned date.
The case has been adjourned till March 24, 2026, for the
commencement of the trial.
Count one of the charges against the defendant reads
“That you,
Sarumi Samusideen Babafemi, while being the Managing Director and Chief
Executive Officer of 606 Autors Limited, 606 Music Limited, and Splash Off
Entertainment Limited, conspired with Ismail Mustapha (a.k.a Mompha)now at
large, Ridwan Momodu Allison (a.k.a Osama)now at large and Richard Ugbah
sometime between 2013 and 2018 in Lagos, within the Jurisdiction of this
Honourable Court, used your companies to conceal the origin of funds and
thereafter transferred the sum of N37,600,000.00 (Thirty Seven Million, Six
Hundred Thousand Naira) to one Omojadesola Shittu Allison, which you knew or
reasonably ought to have known that such fund forms part of the proceeds of an
unlawful act”.
Count two reads
“That you,
SARUMI SAMUSIDEEN BABAFEMI, while being the Managing Director and Chief
Executive Officer of 606 Autos Limited, 606 Music Limited and Splash Off
Entertainment Limited, sometime between 2015 and 2018 in Lagos, within the
Jurisdiction of this Honourable Court, used your company’s accounts to conceal
the origin of funds and thereafter transferred the sum of N93,000 000.00
(Ninety three Million Naira) to one Olanrewaju Ibrahim Oriyomi, which you knew
or reasonably ought to have known that such fund forms part of an unlawful
act”.
Reacting to the EFCC report, Mompha in a post shared on
Instagram slammed the agency for associating him with the arraignment. He
described EFCC as the most “useless and corrupt agency” in Nigeria.
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