Ismaila Mustapha, popularly known as Mompha, is a well known social media celebrity. he has been arrested by the Economic and Financial Crimes Commission (EFCC), over alleged fraud.

The self-acclaimed king of Nigerian bureau de change is currently in the custody of the anti-graft agency.

Details of Mr Mustapha’s offence, especially the amount and illicit trade involved, could not be immediately obtained.

Mompha’s posh lifestyle has made him a darling of Instagram users.

Confirming the arrest in a message posted on Twitter, the EFCC said its Lagos office “has arrested a renowned Social Media celebrity, Ismaila Mustapha popularly known as Mompha for alleged involvement in internet-related fraud and money laundering.”

When EFCC’s spokesman, Wilson Uwujaren, was contacted, he declined to provide further details.

Mompha’s arrest was reportedly a joint operation between INTERPOL and the EFCC.

Nigeria’s head of INTERPOL, Umar Garba, told reporters that although he had learnt of the arrest, all enquiries should be directed to the EFCC as the primary law enforcement institution in charge of the investigation.

News of the arrest of Mompha’s arrest began as a rumour on social media following a tweet by controversial Kemi Olunloyo.

There were reports that Mompha fled his base in Dubai to evade arrest by INTERPOL.