Ismaila Mustapha aka Mompha the Instagram celebrity was arrested again and arraigned by the Economic and Financial Crimes Commission (EFCC) on 12th of January 2022 over his alleged involvement and participation in a N6 billion international fraud.
In the recent count-charges brought against him by the prosecutors of the EFCC, he was accused amongst other things; conspiracy to launder funds obtained through illegal activities, laundering of funds obtained through fraud, retention of funds obtained through unlawful act, use of property derived from criminal activities, forgery of documents and failure to fully disclose his assets and properties.
He was remanded in the custody of the EFCC after the 12th of January arraignment while his counsels applied for him to be granted bail. The case was adjourned to 18th of January 2022 for the hearing of his bail application.
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On the 18th of January, 2022, he bail application was heard and the court granted him bail but his bail was conditioned upon him meeting some requirements, amongst which is providing the bail sum of N200 million and two individuals who must not worth less than N100 million naira, with landed properties and who must be resident within the jurisdiction of the court to stand as a surety for Mompha’s bail.
The court stated that the applicant should be remanded in a correctional facility pending when he perfects the bail conditions. Mompha was unable to meet up with his bail requirements and he opted that he be remanded in the Ikoyi prison pending when he perfects the bail.
The case has been adjourned to March 28, 29, and April 4, 5, and 6 for commencement of trial.
