Ismaila Mustapha, continuously referred to as Mompha, is a well known determine on social media and has been indexed as a wanted individual by the Economic and Financial Crimes Commission (EFCC).
In a observation launched on Wednesday, August 3, the EFCC advised participants of the general public who could have data referring to his whereabouts to get in contact.
“Wanted by the EFCC: Ismaila Mustapha. Anyone with useful information as to his whereabouts should contact the EFCC or the nearest police station,” the temporary observation learn.
Mompha, along his corporate, Ismalob Global Investment Limited, is being prosecuted by EFCC, on an eight-count price bordering on ”conspiracy to launder price range got via illegal task, retention of proceeds of legal habits, laundering of price range got via illegal task, failure to divulge property and belongings, ownership of paperwork containing false pretence and use of belongings derived from illegal 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 beginning of his trial.
He used to be given a bail of N200 million however later launched from the EFCC’s custody after failing to satisfy it. Later, the bail used to be dropped to N25 million.
On June 16, 2022, the trial were placed on hang for the reason that defendant wasn’t provide.
He used to be accused of disobeying the courtroom’s order by touring to Dubai the usage of a contemporary global 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 in the past been granted to the suspect and likewise issued a bench warrant for his arrest because of his absence from the trial.
Mr. Kolawole Salami, the protection lawyer, asked a prolong in order that the defendant might go back to courtroom.
The case used to be postponed till September 21, 2022, by Dada.