Justice Mojisola Dada of the Special Offences Court Sitting in Ikeja, Lagos has adjourned till October 8, 2024 further hearing in the alleged N6bn fraud trial involving Ismaila Mustapha, also known as Mompha (now at large).
Mompha alongside his company, Ismalob Global Investment Limited, was arraigned by Economic and Financial Crimes Commission, EFCC, Lagos Zonal Command on January 12, 2022 on 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.
That, the first and second defendant, belongs to a syndicate operating between Nigeria and across border, Defrauding some user of Internet.
During the analysis, it was shown that there was heavy flow of N30 Billion Naira through the account of first defendant (Mompha), in Fidelity bank, also about N5 Billion Naira in Zenith Bank account”.
On September 22, 2022, Justice Dada ordered that the trial of Mompha would continue in absentia, after he jumped the bail.
Consequently, Justice Dada adjourned the case till Tuesday, October 8, 2024 for continuation of trial.
