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Court adjourns money laundering trial against Mompha till June 2

Mompha money laundering

The case against Instagram celebrity, Ismaila Mustapha aka Mompha, levelled by the Economic and Financial Crimes Commission, EFCC, has been adjourned till June 2.

This was disclosed in a statement issued by the EFCC on its website on Wednesday.

The trial against Mompha, and his company, Ismalob Global Investment Limited, before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos had continued on Wednesday, April 6, 2022, with both the prosecution and defence giving the court the “report” on the plea bargain being worked on.

“Mompha was arraigned by the Lagos Zonal Command of the EFCC on January 12, 2022, on eight counts bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from unlawful act.

“One of the counts reads: “Ismaila Mustapha, Ahmadu Mohammed (at large) and Ismalob Global Investment Limited, sometime in 2016, in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to conduct financial transactions to the tune of N5,998,884,653.18 (Five Billion Nine Hundred and Ninety-eight Million Eight Hundred and Eighty-four Thousand Six Hundred and Fifty-three Naira Eighteen Kobo) with the intent of promoting the carrying on of specified unlawful activities to wit: Obtaining by false pretence. “He pleaded “not guilty” to the charges,” the EFCC said.

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