Court Grants Mompha N100million Bail Over Allege Fraud

Court Grants Mompha N100million Bail Over Allege Fraud

Lagos State Federal high court has granted Ismiala Mustapha better known as Mompha a bail of N100 million over alleged N33 billion fraud, National Sportslink reports.

Justice Mohammad Liman also ordered the defendant, Mompha to deposit his passport with the Deputy Chief Registrar of the court, and report at the EFCC office every fortnight to show that he has not left the country.

Mompha who had been remanded in prison custody, after being arraigned by the Economic and Financial Crimes Commission (EFCC) on 14 counts bordering on fraud, money laundering, and running a foreign exchange business without the authorization of the Central Bank of Nigeria (CBN), was on Friday, November 29, 2019, admitted to bail with one surety who must be a landed property owner.

It was earlier reported that the Economic and Financial Crime Commission (EFCC) arrested Mompha on October 19, at the Nnamdi Azikiwe International Airport, Abuja, while he was attempting to board a flight from Abuja to Dubai.

Following his arraignment at the Federal High Court, Ikoyi, Lagos by the EFCC, Mompha on Thursday dragged the EFCC before a High Court in Lagos.

Mompha instituted a fundamental rights enforcement suit against EFCC for detaining him beyond the constitutionally stipulated days without charging him to court.

In the commencement of trial on Monday, Mompha pleaded not guilty to a 14-count charge bordering on fraud offenses. He has now been granted N100million bail