BREAKING: Court grants Yahoo Boys Billionaire, Mompha N100m bail
A Federal High Court sitting in Lagos on Friday, November 29, granted bail to suspected money launderer, Ismaila Mustapha, popuarly knows as Mompha.
According to the TVC, Mompha was granted bail in the sum of N100m.
Recall that EFCC had arrested Mompha on October 19 for alleged internet fraud and money laundering recently at the Nnamdi Azikiwe International Airport in Abuja.
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.
Justice Mohammad Liman in 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.
Newsflash Nigeria is an online newspaper that is developed and written exclusively for Nigerians. It’s packed with up-to-the-minute Local and National Economy News, Share & Capital Market, Health, Sports, Education, Technology, Business and Opinions.
To make further advert enquiries or place an order, please contact us at [email protected] and +2348053316946 and WhatsApp number 08033546732
FOLLOW US ON GOOGLE
