Mompha granted N100m bail after pleading not guilty

- The Federal High Court sitting in Lagos has granted Ismaila Mustapha, aka Mompha, N100m bail

- Mompha was arraigned by the EFCC on a 14-count charge bordering on money laundering to the tune of N33billion

- The Dubai-based Nigerian, however, pleaded not guilty to the charges

Ismaila Mustapha, popularly known as Mompha, has reportedly been granted bail by a federal high court sitting in Lagos on Friday, November 29.

According to The Nation, Mompha, who was arraigned by the Economic and Financial Crimes Commission (EFCC), was granted N100m bail.

He was arraigned on Monday, November 25, on a 14-count charge bordering on money laundering to the tune of N33billion.

Mompha, who was arrested on Saturday, October 19, had since been remanded in the EFCC’s custody following a court order.

Legit.ng earlier reported that the embattled Dubai-based Nigerian pleaded not guilty to the N33 billion money laundering charge that was levelled against him by the anti-graft agency.

Justice Mohammad Liman subsequently remanded the bureau de change operator in custody, and adjourned till Friday, November 29, for the hearing of his bail application and commencement of trial.

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In a related development, the EFCC has arraigned one Alhaji Yusha’u Mohammed Kebbe from Kaduna for reportedly defrauding his childhood friend and army general of $156.2 million and N80 million.

Kebbe is facing charges before the state high court presided over by Justice Darius Khobo. He is accused of conspiracy and criminal breach of trust in an eight-count charge.

The victim was Kebbe’s childhood friend, an army general, who appeared to have hit some questionable jackpot while on a peacekeeping mission in Sudan.

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Source: Legit.ng