Categories: NewsNigeria News

Court Grants Mompha N200 Million Bail

Court has granted Mompha N200 Million Bail.

Glamtush reports that Justice Mojisola Dada of an Ikeja Special Offences Court has granted a Dubai- based internet celebrity, Ismailia Mustapha, aka Mompha 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.

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 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 in expensive wristwatches and an iPhone valued at over N70million.

They are a “Rolex Oyster Perpetual Wristwatch, Audemars Piguet Wristwatch, Audemars Piguet-J46220 Wristwtach, 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.

Anita Johnson

Recent Posts

PHOTOS: Davido Receives Luxury Car From Auto Firm For 32nd Birthday

Davido has received a luxury car from an auto firm for his 32nd birthday.  …

15 hours ago

VIDEO: How Primate Ayodele Foretold Simon Ekpa’s Arrest In 2023

Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government…

15 hours ago

Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

Accuses detractors of peddling news of alleged governorship ambition.   Speaker of the Lagos State…

15 hours ago

Simon Ekpa, Four Others Arrested In Finland Over Terrorism Activities

Simon Ekpa and four others have been arrested in Finland over terrorism activities.   Glamtush…

19 hours ago

Davido Celebrates 32nd Birthday With ₦300m Donation To Orphanages

Davido is excited to celebrate his 32nd birthday with a ₦300m donation to orphanages.  …

21 hours ago

America Returnee Found Dead In Ogun Hotel

An American returnee has been found dead in an Ogun hotel.   Glamtush reports that…

22 hours ago