Mompha Granted N200m Bail By Special Offences Court
Mompha has been granted a bail of N200 million, aso Naija reports
He was granted the bail by Justice Mojisola Dada of the Ikeja Special Offences Court.
The Instagram celebrity, Ismaila Mustapha, was rearrested last week Monday by the Economic and Financial Crimes Commission and was first re-arraigned in court last Wednesday, January 14.
While granting Mompha’s bail application today January 18, the court requested he provides two sureties, one of which must own a property valued at N100 million within its jurisdiction.
Mompha and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn brought against him by the EFCC.
Recall that the EFCC published a Statement on their website concerning the rearrest of mompha.
This statement was released on their website:
”Operatives of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, have re-arrested a suspected internet fraudster, Ismailia Mustapha, for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.
Mompha was arrested on Monday, January 10, 2022.
The suspect is currently standing trial alongside his company, Ismalob Global Investment Limited on an amended twenty two-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn (Thirty-two Billion Nine Hundred Thousand Naira) brought against him by the EFCC.
It will be recalled that Mompha had earlier been arrested on October 18, 2019 at Nnamdi Azikiwe International Airport while boarding an Emirates Airline Flight to Dubai by the staff of the Nigeria Immigration Service, following a watch list by the EFCC.
Mompha is alleged to have used his registered companies to receive illicit funds on behalf of “yahoo yahoo” boys from across the world in return for commission.”
The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change Company, domiciled in Zenith Bank Plc, was allegedly used to launder funds derived from unlawful activities.”
Investigation has revealed a fraudulent transfer slip of $92, 412, 75 found in the suspect’s IPhone 8 device.
He will soon be charged to court”
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