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Money Laundering: Court Grants Mompha N200m Bail

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Money Laundering: Court Grants Mompha N200m Bail
Money Laundering: Court Grants Mompha N200m Bail

Money Laundering: Court Grants Mompha N200m Bail.

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, January 18, 2022, granted bail to Ismaila Mustapha, often known as Mompha, in the sum of N200m (Two Hundred Million Naira).

The Lagos Command of the EFCC, had, on Wednesday, January 12, 2022, arraigned Mompha and his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained via illegal activities, retention of proceeds of legal conduct, laundering of funds obtained by illegal activities, failure to reveal assets and property, possession of documents containing false pretence and use of property derived from an unlawful act.

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