Money laundering: Court grants Mompha N200m bail

Instagram celebrity, Ismaila Mustapha, popularly known as Mompha, has been granted bail of N200 million today January 18 by Justice Mojisola Dada of the Ikeja Special Offences Court.

Mompha was rearrested last week Monday by the Economic and Financial Crimes Commission and was first re-arraigned in court last Wednesday, January 14.

The court requested he provides two sureties, one of which must own a property valued at N100 million within its jurisdiction.

Mompha and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn brought against him by the EFCC.

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