Mompha Pleads Not Guilty As EFCC Claims He Hid His Wealth In Wristwatches

Ismaila Mustapha, typically typically referred to as Mompha, an internet celebrity, hid his fortune in wristwatches, in accordance with the Monetary and Financial Crimes Charge.

This was revealed by the anti-graft firm all through Mompha’s arraignment on the Lagos Explicit Offences Courtroom docket in Ikeja on Wednesday, January 12.

The EFCC has charged Mompha and his agency, Ismalob Worldwide Funding Restricted, with money laundering worth over N6 billion. The defendants had been charged with conspiracy to launder cash earned by way of criminality, retention of funds, change of funds for a suspect, Olayinka Jimoh a.okay.a. Nappy Boy, and unlawful movement of funds for a file label, amongst completely different costs.

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In line with EFCC, “Mompha hid his curiosity in expensive wristwatches and completely different movable property valued at over N70million.”

Mompha pleaded not accountable to the eight counts, whereas Islamob Restricted (represented by Mompha as successfully) pleaded not accountable to the first six. Mr. Rotimi Oyedepo, the prosecution authorized skilled, requested a trial date after his plea.

Nonetheless, the defendant’s lawyer, Gboyega Oyewole, SAN, educated the courtroom that that they’d submitted a bail utility, which had been served on the EFCC. Mr. Oyedepo, in response to the bail utility, requested additional time to answer.

After listening to counsel’s arguments, Justice Dada, the sitting determine, adjourned the case until January 18 to hearken to and rule on the bail motion. Mompha was moreover positioned in EFCC jail until his bail utility was heard, in accordance with the determine.

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