Mompha reportedly opts to be remanded in prison, after asked to pay N200 Million Bail | PressInformant

Nigerian businessman, Mompha has reportedly opted to stay in jail custody, after he was slapped with a N200M advantageous as bail.

The trial of Mompha, whose actual identify is Ismailia Mustapha, continued on the Particular Offences Courtroom in Ikeja, Lagos at the moment, January 18.

Recall that Mompha was arrested by Operatives of the EFCC, Lagos state command, on Monday, January 10, for allegedly laundering funds obtained by way of illegal actions and was first arraigned in court docket on Thursday morning, January 12.

The web superstar is at the moment standing trial alongside his firm, Ismalob World Funding Restricted, on an amended 22-count cost bordering on cyber fraud and cash laundering to the tune of N32.9 billion naira.

Over the last listening to, the court docket ordered that Mompha be stored within the custody of the Financial and Monetary Crimes Fee (EFCC) till the listening to of his bail utility.

He appeared once more in court docket this morning for listening to and photographs of him in court docket nonetheless, surfaced on the web.

In up to date experiences, the Presiding Choose, Justice Dada, granted the appliance for bail filed by way of Mompha’s lawyer, Gboyega Oyewole.

Nevertheless, Mompha opted to be remanded on the Ikoyi Correctional Middle following his lack of ability to fulfill the strict bail circumstances, which is N200M with two sureties.