Suspected Internet Fraudster, Ismaila Mustapha, alias Mompha has been granted a bail of N100 million by a Federal High Court in Lagos.
It would be recalled that the suspect pleaded not guilty to his involvement in a N33billion money laundering charge filed against him by the Economic and Financial Crimes Commission (EFCC).
Mompha pleaded not guilty to a 14-count charge bordering on the offences following his arraignment at the Federal High Court, Ikoyi, Lagos by the EFCC.
It would be recalled that the anti-graft agency filed the charge against the defendant on November 20, through its counsel, Mr Rotimi Oyedepo.
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The charge, signed by Oyedepo, alleged that Mompha laundered the funds through a firm, Ismalob Global Investment Ltd, between 2015 and 2018.
Islamob Global Investments is the second defendant in the charge, while EFCC claimed that the funds, domiciled in Fidelity Bank, were moved in tranches of N18,059,353,413 billion and N14,946,773,393.00 billion.
The commission further alleged that both defendants, not being a financial institution, or an authorized foreign exchange dealer, negotiated a foreign exchange transaction in the sum of N9.416million, N20 million, N10,437,400.00, N10miillion, N2.46million, N10miillion, N100million, N61million, N100million, N40.7million and N42million.
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