Court Grants Mompha ₦200Million Bail

Nigerian socialite, Ismailia Mustapha, popularly known as Mompha has been granted bail of ₦200 million with two sureties in like sum.

Naija News understands that Justice Mojisola Dada of an Ikeja Special Offences Court on Tuesday (today), granted the Instagram influencer bail following an application filed through his lawyer, Gboyega Oyewole (SAN).

Recall that the Lagos State Command of the Economic and Financial Crimes Commission, EFCC a week ago rearrested Mompha over alleged money laundering.

The socialite was alleged to have transacted funds obtained through unlawful activities and retention of alleged proceeds of crime.

A statement made available in the public domain on Monday by EFCC spokesman, Wilson Uwujaren, said that “The account of one of his companies, Ismalob Global Investment Limited Bank, a Bureau de Change company, domiciled in Zenith Bank Plc, was allegedly used to launder funds derived from unlawful activities.

“Investigation has revealed a fraudulent transfer slip of $92, 412, 75 found in the suspect’s iPhone 8 device. He will soon be charged to court.”

However, in a ruling on Tuesday, Justice Dada granted Mompha bail and ordered that one of two sureties that will be provided by the socialite must own property valued at N100million within the jurisdiction.

He also ordered that Mompha should be remanded in the custody of a Correctional Centre of his choice in Lagos pending perfection of his bail conditions while his international passport already submitted is to remain in the custody of the court’s registrar.