Alleged internet fraudster and Instagram celebrity, Ismaila Mustapha alias Mompha had a mixed day in court on Friday, 29 November 2019. Two persecution witnesses testified against him while the court granted him bail.
The Economic and Financial Crimes Commission (EFCC) arrested Mompha on October 19, 2019, for alleged Internet fraud, money laundering, and operating illegal foreign exchange business.
The agency arraigned him before Justice Abdullai M. Liman led Federal High Court sitting in Lagos on 25 November 2019 on a 14-count charge bordering on money laundering to the tune of N33bn.
On the Friday’s sitting, the prosecution witness, Peter Ademola Adegoke, a Compliance Officer with Fidelity Bank Plc, told the court that Mompha received the sum of N18bn via his bank account.
Another persecution witness, Anne Nnenna Ezekannagha, a Manager in the Customers Service Department of the Central Bank of Nigeria (CBN), told the court that Mompha did not register his foreign exchange business with the CBN.
Mompha allegedly used his company, Ismalob Global Ventures, to act as a Bureau de Change operator. However, the persecution witness from the CBN said Mompha’s company has no license to operate such a business.
“We got a letter from the EFCC on the activities of Ismalob Global Ventures. However, we have no history of the name with the CBN”, she confessed to the court.
Meanwhile, Justice Abdullai granted Mompha N100m bail with one surety who must have a landed property. He subsequently adjourned the case to January 8, 2020.