The Federal High Court sitting in Lagos on Friday, November 29, granted bail to suspected money launderer, Ismaila Mustapha, AKA Mompha.

Eye9ja understands that Mompha was granted bail in the sum of N100m.

The bail comes after the EFCC had arrested Mompha on October 19 for alleged internet fraud and money laundering recently at the Nnamdi Azikiwe International Airport in Abuja, Nigeria’s capital.

Mompha was arraigned for alleged N33billion fraud.

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 offences levelled against him.

However, Justice Mohammad Liman in his ruling ordered that Mompha be remanded in prison custody.

The court also adjourned till Friday for hearing of Mompha’s bail application and the commencement of his trial, but was granted bail on Friday.

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