Wilson Uwujaren, a spokesperson for the EFCC, confirmed Mr Mustapha had been taken into custody by anti-graft detectives, but declined to provide further details in the meantime.
The arrest was reportedly a joint operation between Interpol and the EFCC. But Umar Garba, Nigeria’s head of Interpol said although he had learnt of the arrest, all enquiries should be treated by the EFCC as the primary law enforcement institution in charge of the investigation.
News of the arrest of Mr Mustapha, widely known by his business moniker ‘Mompha’, spread quickly as a rumour across Nigerian social media Monday evening.
Mr Mustapha has cut a personality of one of Nigeria’s wealthiest socialites on social media, using Instagram to post pictures of his family’s wealth.
In some of his most recent posts on his verified Instagram page, which has nearly 650,00 followers, Mr Mustapha featured a yellow Ferrari and a 2020 Rolls Royce Wraith Eagle VIII he claimed to have purchased for N180 million.
He said he was the first African to own the Rolls Royce and it was only one out of 50 exotic vehicles he owned across the world. Celebrity bloggers claimed the Ferrari was bought earlier this year for N155 million.