According to the EFCC, the charges stem from allegations that the defendants were involved in financial transactions running into about N6billion, which the commission alleges were linked to unlawful activities.
The Lagos State Special Offences Court sitting in Ikeja has reserved judgment until October 15, 2026, in the alleged N6billion money laundering case involving social media personality, Ismaila Mustapha, popularly known as Mompha.
Justice Mojisola Dada fixed the date after the conclusion of proceedings in the high-profile trial, which has been before the court for several years following the defendant's arraignment by the Economic and Financial Crimes Commission (EFCC).
The anti-graft agency had arraigned Mompha alongside his company, Ismalob Global Investment Limited, on January 12, 2022, on an eight-count charge bordering on conspiracy to launder funds allegedly obtained through unlawful activities, retention of proceeds of criminal conduct, failure to disclose assets, and possession of documents containing false pretences, among other offences.
According to the EFCC, the charges stem from allegations that the defendants were involved in financial transactions running into about N6billion, which the commission alleges were linked to unlawful activities.
