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Breaking News: Mompha Granted N100 Million Bail By Federal High Court

Mompha was granted N100m bail by Justice Mohammad Liman on Friday, November 29, 2019.

Breaking News: Mompha Granted N100 Million Bail By Federal High Court 1

A Federal High Court in Lagos on Friday granted N100 million bail to Dubai-based Nigerian Bureau De Change (BDC) operator, Ismaila Mustapha aka Mompha.

KanyiDaily had reported that Mompha was arrested on October 19 at the Nnamdi Azikiwe International Airport, Abuja by the Economic and Financial Crimes Commission (EFCC) which accused him of cybercrime and money laundering.

Mompha was arraigned before Justice Mohammad Liman on Monday, November 25, on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorization of the Central Bank of Nigeria (CBN).

He, however, pleaded not guilty to a N33 billion money laundering charge levelled against him by the EFCC and was remanded in the commission’s custody following a court order.

Mompha was granted N100m bail by Justice Mohammad Liman on Friday, November 29, 2019.

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