EFCC Re-arraigns Social Media Celeb Mompha For Alleged N32.9bn Fraud

The Economic and Financial Crimes Commission, 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.
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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.
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The defendant had pleaded “not guilty” to the charge and was granted bail in the sum of N100million with one surety in like sum.
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The prosecution subsequently opened its case and presented witnesses from the CBN and the Special Control Unit against Money Laundering, SCUML.
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At the resumed sitting on Wednesday, counsel for the EFCC, 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.