The Economic and Financial Crimes Commission (EFCC) today, arraigned internet celebrity, Ismailia Mustapha, aka Mompha and his firm, Ismalob Global Investment Limited for alleged money laundering to the tune of over a N6 billion.
Mompha and his firm were arraigned before Justice Mojisola Dada of an Ikeja Special Offences Court on eight counts bordering on the offences by Mr. Rotimi Oyedepo.
They were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect Olayinka Jimoh a.k.a. Nappy Boy, and unlawful transfer of funds for a record label, among others.
The sums named in the charge seen by The Nation are N5,998,884.653.18 billion, N32 million, N120 million and N15,960 million, totalling over N6 billion.
The EFCC also alleged that Mompha concealed his interest in expensive wristwatches and other movable assets valued at over a N70 million.
Mompha pleaded “Not guilty” to the eight counts while Islamob Limited (represented by Mompha) was named in and pleaded “not guilty” to the first six counts.
He pleaded not guilty to each of the counts.
Following his plea of not guilty, his lawyer, Mr. Gboyega Oyewole leading Kolawole Salami, Ademola Adefolaju and others, informed the court of his client’s bail appllication, which he said has been served on the prosecutor.
Meanwhile, Justice Dada while ordered that Mompha be remanded in the EFCC’s custody, adjourned the hearing of the bail appllication till January 18.
Mompha is also standing trial before a Lagos Federal High Court, alongside Ismalob Global Investment Limited on an amended 22-count charge bordering on cyberfraud and money laundering to the tune of N32.9bn brought against him by the EFCC.
