Court has granted Ismaila Mompha N200 Million Bail.
Brand News Day Nigeria reports that Justice Mojisola Dada of an Ikeja Special Offences Court has granted a Dubai- based internet celebrity, Ismaila Mustapha, otherwise known as Mompha a bail of N200 million with two sureties in the like sum.
The court granted his application for bail filed through his lawyer, Gboyega Oyewole (SAN).
Justice Dada ordered that one of two sureties must own property valued at N100million within the jurisdiction.
The court also ordered his remand in the custody of a Correctional Centre of his choice in Lagos pending the perfection of his bail conditions while his international passport already submitted is to remain in the custody of the court’s registrar.
READ: Again, Wema Bank Swims In Another Scandal
The Economic and Financial Crimes Commission (EFCC) had arraigned Mompha and his firm, Ismalob Global Investment Limited for alleged money laundering to the tune of over an N6billion.
He is facing an eight-count charge bordering on the offences of money laundering.
The counts were conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
The sums named in the charge seen by The Nation are N5,998,884.653.18, N32million, N120million and N15,960,000, totalling over N6billion.
The EFCC also alleged that Mompha concealed his interest inexpensive wristwatches and an iPhone valued at over an N70million.
They are a “Rolex Oyster Perpetual Wristwatch, Audemars Piguet Wristwatch, Audemars Piguet-J46220 Wristwatch, XY Hublot-1321920 Wristwatch, XY Hublot-924206 Wristwatch and an iPhone 8 with Serial No. CBPVF1KJC6C, worth over N70million.”
Mompha pleaded “Not guilty” to the eight counts while his company, Islamob Limited (represented by Mompha) also pleaded “not guilty” to the first six counts.
Details Shortly…
Stanbic IBTC Trustees, a subsidiary of Stanbic IBTC Holdings, has been recognised as the Most Customer-Focused…
Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…
A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…
The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…
Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…
The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…
This website uses cookies.