EFCC Re-arraigns Mompha For Alleged N32.9 billion Fraud

Matilda Omonaiye/

Social Media celebrity, Ismaila Mustapha aka Mompha, has been re-arraigned by the Lagos Zonal office of Economic and Financial Crimes Commission (EFCC), for alleged N32.9billion fraud.

According to EFCC, Mompha was re-arraigned before Justice A. Mohammed Liman of the Federal High Court sitting in Ikoyi, Lagos.

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.

The prosecution subsequently opened its case and presented witnesses from the CBN and the Special Control Unit Against Money Laundering, (SCUML).

At the resumed sitting today, the prosecution counsel, Rotimi Oyedepo, informed the court of a second amended charge against the defendant and also urged the court to allow a fresh plea by the defendant.

The amended 22-count charge was, therefore, read to the defendant, who pleaded not guilty.

In view of his plea, the defence counsel, Gboyega Oyewole, SAN, urged the court to grant a short adjournment to enable him to study the new charge.

Oyewole further told the Court that he had only seen the new charge a few minutes before the Court commenced sitting. He urged the court to allow him to also study it.

Justice Liman granted the prayers of the defence and adjourned the matter to March 18, 2020, for the continuation of trial.

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