Alleged N6bn fraud: Court revokes Mompha’s bail, orders his arrest

On Wednesday, June 22, 2022, Justice Mojisola Dada of the Special Offenses Court in Ikeja, Lagos, cancelled the N200 million bail previously given to accused online fraudster Ismaila Mustapha, also known as Mompha, and also issued a bench warrant for his arrest.

The EFCC is pursuing Mompha and his business, Ismalob Global Investment Limited, on an eight-count charge that includes conspiring to launder money obtained through criminal activity, holding onto money obtained through criminal activity, laundering money obtained through criminal activity, failing to disclose assets and property, possessing documents that contained false information, and using money obtained through criminal activity.

On January 10, 2022, Mompha was taken into custody by the EFCC, charged, and given bail.

However, the defendant has failed to appear in court on two scheduled dates for his trial. At the last adjourned date, his matter could not proceed due to his absence.

At the resumed proceedings on Wednesday, Justice Mojisola Dada stood down the matter for a while in expectation of the defendant’s arrival, yet he failed to appear in court again.

The EFCC lead counsel, Rotimi Oyedepo asked the court for further stand down, but the request was turned down by the judge, who subsequently asked, ‘Where is the defendant?’

Addressing the court, Oyedepo told the court that he was shocked by the development.

At that point, Justice Dada, said, “The excuse that was given that he tested positive for COVID-19 was found to be false.”

The prosecution counsel, Oyedepo thereafter, urged the judge to issue a warrant of arrest to ensure the defendant is produced in court.

Subsequently, Justice Dada revoked the defendant’s bail and ordered his arrest.

She adjourned further proceeding till June 30, 2022.

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