Matilda Omonaiye/
A Federal High Court in Lagos today granted N100m bail to suspected fraudster and internet celebrity, Ismaila Mustapha, popularly known as Mompha.
Justice Abdullai M. Liman also ruled that the accused must provide a surety with landed property in Lagos.
Mompha was first arraigned by the Economic and Financial Crimes Commission (EFCC) on November 25, on 14 counts bordering on money laundering to the tune of N33 billion.
The EFCC arrested Mompha on October 19 at the Nnamdi Azikiwe International Airport, Abuja.
At the resumed hearing today, a prosecution witness, Peter Ademola Adegoke, who works as a Compliance Officer with Fidelity Bank Plc, told the court how the sum of N18bn was paid into the account of a company, Ismalob Global Investments, belonging to Ismaila Mustapha, also known as Mompha.
This was disclosed by the EFCC in a series of tweets via its verified Twitter handle @officialEFCC.
The tweets read: “At today’s sitting, the first prosecution witness, PW1, Anne Nnenna Ezekannagha, a manager in the Customer Service Department of the Central Bank of Nigeria, told the court that Mompha’s company, Ismalob Ventures, was not registered with the CBN.
“She also revealed that he (Mompha) did not have the license to operate as a Bureau de Change operator.”
Led in evidence by the prosecution counsel, Rotimi Oyedepo, Ezekannagha further told the court: “We got a letter from the EFCC on the activities of Ismalob Global Ventures.
“However, we have no history of the name with the CBN.”
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