January 18, (THEWILL) – The Special Offences Court in Ikeja, Lagos, presided over by Justice Mojisola Dada has granted N200 million bail to a Dubai-based Nigerian internet celebrity, Ismailia Mustapha, popularly called Mompha.
The Court also requested two sureties, one of which must own a property valued at N100 million within its jurisdiction.
The judge also added that upon the submission of his international passport, the 42-year old Mompha should be remanded at the Nigerian correctional facility until he meets his bail conditions.
Mompha had filed for bail through his lawyer, Gboyega Oyewole (SAN).
THEWILL had reported that Mompha was rearrested by the Economic and Financial Crimes Commission (EFCC) on January 10 for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.
The EFCC had last Wednesday arraigned Mompha and his firm, Ismalob Global Investment Limited, for allegedly laundering over N6 billion.
They were arraigned before a judge, Mojisola Dada, of an Ikeja Special Offences Court on eight counts bordering on the alleged offences.
The defendants were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others.
The sums named in the charge are N5.9 billion, N32m, N120m and N15.9 totalling over 6 billion. Instagram celebrity, Ismaila Mustapha, popularly known as Mompha, has been granted bail of N200 million by the Justice Mojisola Dada-led Ikeja Special Offences Court on Tuesday.
