Court strikes out N6 billion cash laundering fees in opposition to Mompha

A Lagos Special Offences and Domestic Violence Court sitting in Ikeja, Lagos, has struck out and discharged alleged N6 billion cash laundering case in opposition to social media persona, Ismaila Mustapha, popularly referred to as Mompha.

Justice Mojisola Dada gave the ruling and held that the pendency of an analogous case earlier than the Federal High Court in Ikoyi, Lagos, amounted to discussion board buying and an abuse of courtroom course of.

Consequently, the courtroom struck out the cost in opposition to Mompha and discharged him.

The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, had on January 12, 2022, arraigned Mompha alongside his firm, Ismalob Global Investment Limited, on an eight-count cost bordering on conspiracy to launder funds obtained via illegal exercise, retention of proceeds of legal conduct, laundering of funds obtained via illegal exercise, failure to reveal belongings and property, possession of paperwork containing false pretences, and use of property derived from an illegal act.

One of the counts reads: “Ismaila Mustapha, Ahmadu Mohammed (at large) and Ismalob Global Investment Limited, sometime in 2016, in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to conduct financial transactions to the tune of N5,998,884,653.18, with the intent of promoting the carrying on of specified unlawful activities, to wit: obtaining by false pretence.”

Mompha pleaded not responsible to the costs once they had been learn to him.