Categories: metro

Alleged money laundering: Court grants Mompha N200m bail

Popular socialite, Ismaila Mustapha popularly known as Mompha, was on Tuesday granted bail in the sum N200 million by the Justice Mojisola Dada-led Ikeja Special Offences Court.

The court also requested two sureties, one of which must own a property valued at N100 million within its jurisdiction.
The Economic and Financial Crimes Commission has re-arrested Mompha for alleged money laundering.
In a statement signed by the agency’s Head, Media & Publicity, Wilson Uwujaren; Mompha was re-arrested for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime
Mompha was arrested on January 10, 2022.
The statement said, “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.”

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