Mompha pleads not guilty in court, remanded in prison custody

The Federal High Court in Lagos has made an order for suspected Internet fraudster, Ismaila Mustapha, alias Mompha, to be remanded in the prison custody after he pleaded ‘Not guilty’ to the charges filed against him by the Economic and Financial Crimes Commission (EFCC).

Mompha was arraigned before Justice Mohammed Liman on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria, on November 25, 2019.

In the charges against him, EFCC alleged that Mompha procured one Ismalob Global Investment Limited and retained in its bank account an aggregate of N32.9bn between 2015 and 2018.

The case was adjourned till Friday November 29th for hearing of his bail application and commencement of trial.

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