Money Laundering: EFCC Arraigns Mompha in Lagos

 

The Lagos Command of the Economic and Financial Crimes Commission, EFCC, on Wednesday, January 12, 2022, arraigned Ismaila Mustapha, also known as Mompha, and Ismalob Global Investment Limited before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos.

The case is on eight counts bordering on conspiracy to launder funds obtained through unlawful activities, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activities, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from an unlawful act.

 

Mompha is further accused of using a false document titled “SELECT MILK PRODUCER J.P. Morgan”, to defraud Continental Diary Facilitate Southwest LLC.

The EFCC is also accusing him of colluding with one Olayinka Jimoh (aka Nappy Boy) to retain an aggregate sum of N52, 000,000 between January 28, 2019 and February 11, 2019, believed to be proceeds of criminal conducts.

He, however, pleaded “not guilty” to the eight counts when they were read to him in court.

Following his plea, the prosecuting counsel, Rotimi Oyedepo, prayed the court for a trial date and for the remand of the defendant.

Defence counsel, Gboyega Oyewole, SAN however, informed the Court that the defence had filed the defendant’s bail application.

“We have also served the bail application on the prosecution,” he added.

While acknowledging the receipt of the application, Oyedepo said: “We will need time to respond.”

Justice Dada, thereafter, adjourned till January 18, 2022 for “hearing of the bail application”., while the defendant was remanded in the custody of the EFCC.

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