Instagram big boy and socialite, Ismailia Mustapha aka Mompha who was arraigned for cash laundering by the Economic and Financial Crimes Commission (EFCC), has been granted a N200 million with two sureties within the like sum on Tuesday, January 18.
As a part of situations for bail, Justice Mojisola Dada of the Ikeja Particular Offences Courtroom ordered that one among Mompha’s two sureties should own property valued at N100million throughout the jurisdiction.
The courtroom additionally ordered his remand within the custody of a correctional centre of his alternative in Lagos, pending perfection of his bail situations whereas his international passport already submitted is to stay within the custody of the courtroom’s registrar.
Mompha was re-arrested on January 10 by the Economic and Financial Crimes Commission (EFCC) over contemporary proof.
The defendant was arraigned alongside his firm, Ismalob Global Investment Ltd, on a contemporary eight-count cost of fraud.
He pleaded not responsible to cost of conspiracy to launder funds obtained via illegal exercise, laundering of funds obtained via illegal exercise and retention of proceeds of felony conduct.
Different prices are use of property derived from illegal act, possession of doc containing false pretence and failure to reveal belongings and properties.
The EFCC alleges that Mompha dedicated the offences between 2016 to 2019 in Lagos.
The defendant is alleged to have conspired alongside Ahmadu Mohammed now at giant to conduct N5.9billion value of monetary transactions with the intent of committing the offence of acquiring by false pretence.
Additionally, the anti-graft company alleges that Mompha on February 11, 2019, transferred the sum of N15.9 million to Naptown Information and on February 13, 2019, transferred the sum of N20 million to Wisegate Modern System. The funds are alleged to be proceeds of crime (acquiring below false pretences).
The EFCC stated that on February 3, 2020, the defendant allegedly had in his possession a doc containing false pretence titled ‘Choose Milk Producer J.P Morgan’ which was used to defraud Continental Diary Amenities LLC.
It additionally alleged that on October 20, 2019, Mompha didn’t furnish info in relation to his curiosity in costly watches corresponding to a Rolex wristwatch, a Hublot wristwatch, two Piguet wristwatches, and an iPhone 8 all value N70 million.