Mompha’s N33 Billion Money Laundering Trial To Resume On 15th January, 2020.


The Nation reports that a Federal High Court in Lagos on Wednesday fixed January 15, 2020 to continue the claimed N33bn tax evasion preliminary of a speculated web fraudster Ismaila Mustapha, a.k.a Mompha.

The new date was fixed at the instance of the respondent’s insight, Mr Ademola Adefolaju who stood for Mr. Gboyega Oyewole (SAN).

Mompha was charged by the Economic and Financial Crimes Commission (EFCC) on November 25, 2019, after his capture on October 19 at the Nnamdi Azikiwe International Airport, Abuja.

He and his co-defendant, Ismalob Global Investments Ltd, argued not blameworthy to a 14 tally charge verging on the offense and are out on bail.

In the charge, the EFCC affirmed that Mompha acquired Ismalob Global Investment, possessed by him, to hold the total aggregate of N18.05billion somewhere in the range of 2015 and 2019.

He was likewise claimed to have aided company to hold N14.9 billion somewhere in the range of 2015 and 2017, while not following the Central Bank of Nigeria (CBN) and Federal Ministry of Trades and Investment money related exchanges requirement.

In another case, the EFCC blamed Mompha and his firm for unlawfully arranging a Foreign exchange with all out whole of N630, 125, 900 million, for certain people.

The offenses, as per the commission, repudiated Sections 18(c) and 15(2)(d) of the Money Laundering Prohibition Act, 2011 and culpable under Section 15 (3) of a similar Act.


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