Monday, April 6

EFCC Re-arraigned Mompha on Amended Charges

The Economic and financial Crime Commission(EFCC) has re-arraigned Instagram big boy, Isma’il Mustapha, popularly known As Mompha on amended Charges.


The EFCC, Lagos Zonal office, on Wednesday, March 4, 2020, re-arraigned Ismaila Mustapha (aka Mompha), before Justice Mohammed Liman of a Federal High Court sitting in Ikoyi, Lagos, for alleged N32.9billion fraud.

Mompha was first arraigned alongside his company, Ismalob Ventures on November 25, 2019 on a 14-count charge bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria, CBN.

The defendant had pleaded “not guilty” to the charge and was granted bail in the sum of N100million with one surety in like sum.


At Wednesday’s return trail however, the Counsel to EFCC, Mr. Rotimi Oyedepo told the court that the Charges against Mompha were ammended and that he hope The Mompha and his codefendant, Ismalob Global Investment Limited be Re-arraigned.


When the Amended Charges were read to them the defendants pleaded not guilty.


The defence counsel, Gboyega Oyewole(SAN) sought a short adjournment to study the amended charge sheet, which he said was only served on him in court on Wednesday morning.


As a result, Justice Mohammed Liman adjourned the matter till March 18.

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