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N32.95bn Fraud: Court To Rule On Mompha’s Case Next Month

by Present Nigeria
November 18, 2020
in News
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N32.95bn Fraud: Court To Rule On Mompha’s Case Next Month
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The Federal High Court in Lagos adjourned ruling on the no-case submission filed by Internet personality, Ismaila Mustapha, alias Mompha till December 9.

Mompha had filed a no-submission case in response to the N32.95bn money laundering charges slammed on him by the Economic and Financial Crimes Commission.

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Justice Mohammed Liman had earlier scheduled the ruling for Wednesday, but the parties were directed to return on December 9.

READ ALSO: Mompha Regains Freedom ,Drops Suit Against EFCC

The EFCC had alleged that Mompha and a firm, Ismalob Global Investment Limited colluded to retain the N32.9bn in its bank account, funds that formed parts of proceeds of an unlawful act; to wit: fraud.

The EFCC arraigned on them a 22-count charge in which they were accused of laundering an aggregate of N32.95bn between 2015 and 2018.

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