UPDATED: Court remands Mompha over alleged N32.9bn money laundering

UPDATED: Court remands Mompha over alleged N32.9bn money laundering

- The Federal High Court in Lagos has remanded Mompha over alleged N32.9bn money laundering

- The suspect arrived at the Federal High Court in Lagos for his trial

- Mompha was arraigned by the Economic and Financial Crimes Commission (EFCC)

- The EFCC had instituted a 14 count-charge against the suspect bordering on internet fraud and money laundering

Following allegation of money laundering to the tune of N32 billion, the Federal High Court has ordered that the suspected internet fraudster known as Mompha be kept in the custody of the Nigerian Correctional Services.

The verdict was read by Justice Mohammed Liman on Monday, November 25, after Mompha pleaded not guilty to the charges made against him by the EFCC.

Moreover, the court fixed Friday, November 29, for the hearing of the bail application filed by the suspect.

Recall that Legit.ng had reported that Mompha would be arraigned by the anti-graft agency on Monday, November 25.

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This is as the agency already filed a 14-count charge bordering on alleged money laundering and other related crimes against Mompha. He would be prosecuted by EFCC's lawyer, Rotimi Oyedepo, before the Federal High Court in Lagos.

Among allegations levied against the suspect was that he procured Ismalob Global Investment Limited and retained its bank account the sum of N18.05 billion, which the EFCC described as proceeds deeds.

In another post, Legit.ng reported that the commission released a statement concerning the arrest of Mompha.

It disclosed that Mompha, under the guise of handling a Bureau De Change, allegedly committed internet fraud and money laundering.

It was also revealed that he admitted to being involved in two cases levelled against him. However, a recent video of Mompha shared on social media got Nigerians talking.

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The video showed Mompha being paraded while in EFCC custody with a smile on his face and a suitcase that was loaded with his watches valued at over N20 million.

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Source: Legit

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