A Lagos Special Offence Court sitting in Ikeja has ordered the remand of the Instagram Big Boy, Ismaila Mustapha, popularly often called Mompha, in the custody of the Economic and Financial Crimes Commission (EFCC) pending the listening to of his bail utility.
Justice Mojisola Dada referred to as for his continuous detention after he was arraigned on an eight-count cost which principally has to do with aiding web fraud and being in possession of fraudulent paperwork.
Mompha and his firm, Global Investment Limited, have been accused of conspiracy to launder funds obtained by illegal exercise, retention of such funds, switch of funds for a suspect Jimoh Olayinka Dolapo a.okay.a Nappy Boy — proprietor of NapTown information — and illegal switch of funds for a file label, amongst others.
The sums named in the cost are N5,998,884.653.18, N32million, N120million and N15,960,000, totalling over N6 billion. The EFCC additionally alleged that Mompha hid his curiosity in costly wristwatches and different movable belongings valued at over N70 million.
Mompha on his half, pleaded “Not guilty” to the eight counts whereas Islamob Limited was named in and pleaded “not guilty” to the primary six counts. Justice Dada adjourned until January 18, 2022, to listen to and rule on a bail utility filed by the defendant’s counsel, Gboyega Oyewole.
It could be recalled that Mompha can also be standing trial on the Federal High Court in Lagos alongside Ismalob Global Investment Limited on an amended 22-count cost bordering on cyberfraud and money laundering to the tune of N32.9billion introduced in opposition to him by the EFCC. He pleaded not responsible to every of the counts.
Source: Instablog9ja
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