Mompha’s ‘no case submission’ in money laundering trial, Court to rule on 9th of December, 2020

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The Federal High Court in Lagos has fixed December 9 as the date to rule on a no-case submission filed by internet celebrity Ismaila Mustapha a.k.a Mompha, who is currently standing trial for allegedly laundering N32.9 billion fraud.

 

Justice Mohammed Liman who had earlier scheduled the ruling for Wednesday November 18, told both parties that the ruling was not ready.

 

Recall that Mompha had pleaded not guilty after being arraigned alongside a firm, Ismalob Global Investment Ltd on 22 counts in which they were accused of laundering an aggregate of N32.95bn between 2015 and 2018.

 

While the EFCC stressed that Mompha and Ismalob Global Investment Limited violated sections 5 and 29(1)(c) of the Foreign Exchange Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004 and also committed offences contrary to Section 18(c), 15(2)(d), 15(3) and Section 10 of the Money Laundering (Prohibition) Act, Mompha through his lawyer, Mr Gboyega Oyewole (SAN) said the anti-graft agency failed to establish a prima facie case against him.

 

He urged the court to dismiss the charges while the EFCC opposed his prayer.

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