In a special offenses court in Lagos, Justice Mojisola Dada has granted an internet celebrity, Ismailia Mustapha, popularly known as Mompha, bail of N200 million with two sureties in the like sum.
The trial judge granted his application for bail deposed to Ademola Adefolaju through his counsel, Gboyega Oyewole (SAN).
In a ruling after listening to the argument from both Oyewole and the Economic and Financial Crimes Commission (EFCC) counsel, Rotimi Oyedepo, on the bail application, Justice Dada ordered that one of two sureties must own property valued at N100 million within the jurisdiction.
The court also ordered his remand in the custody of a correctional center of his choice in Lagos pending the perfection of his bail conditions, while his international passport, already submitted, is to remain in the custody of the court’s registrar.
The EFCC had arraigned Mompha and his firm, Ismalob Global Investment Limited, for alleged money laundering to the tune of over N6 billion.
He is facing an eight-count charge bordering on the offences of conspiracy and money laundering.
Mompha pleaded not guilty to all the counts against him.
Earlier, before the ruling, Oyewole prayed to the court to grant his client bail to prepare for his defense in his trial before Justice Mohammed Liman of the Federal High Court.
The senior lawyer argued that Justice Liman had been transferred out of Lagos but he had been given fiat to continue with the matter. He noted that though no date has been fixed for the defendant to open his defence.
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