Ismaila Mustapha, often known as Mompha, is a well-known figure on social media and has been listed as a wanted person by the Economic and Financial Crimes Commission (EFCC).
In a statement released on Wednesday, August 3, the EFCC urged members of the public who may have information regarding his whereabouts to get in touch.
“Wanted by the EFCC: Ismaila Mustapha. Anyone with useful information as to his whereabouts should contact the EFCC or the nearest police station,” the brief statement read.
Mompha, alongside his company, Ismalob Global Investment Limited, is being prosecuted by EFCC, on an eight-count charge bordering on ”conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from unlawful act.”
One of the counts reads: “Ismaila Mustapha, Ahmadu Mohammed (at large) and Ismalob Global Investment Limited, sometime in 2016, in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to conduct financial transactions to the tune of N5,998,884,653.18 ( Five Billion Nine Hundred and Ninety-eight Million Eight Hundred and Eighty-four Thousand Six Hundred and Fifty-three Naira Eighteen Kobo) with the intent of promoting the carrying on of specified unlawful activities to wit: obtaining by false pretence.”
He entered a “not guilty” plea to the allegations, which signaled the start of his trial.
He was given a bail of N200 million but later released from the EFCC’s custody after failing to fulfill it. Later, the bail was dropped to N25 million.
On June 16, 2022, the trial had been put on hold because the defendant wasn’t present.
He was accused of disobeying the court’s order by traveling to Dubai using a fresh international passport on June 10 by the EFCC.
On Wednesday, June 22, 2022, Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, cancelled the N200 million bail that had previously been granted to the suspect and also issued a bench warrant for his arrest due to his absence from the trial.
Mr. Kolawole Salami, the defense attorney, requested a delay so that the defendant may return to court.
The case was postponed until September 21, 2022, by Dada.
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