JUST IN: Court Grants Mompha, N200m Bail

Nigerian businessman and Instagram celebrity, Ismailia Mustapha, popularly known as Mompha, has been granted bail of N200 million by the Justice Mojisola Dada-led Ikeja Special Offences Court on Tuesday.

The Court also requested two sureties, one of which must own a property valued at N100 million within its jurisdiction.

He had filed for bail through his lawyer, Gboyega Oyewole (SAN).

Trixx NG recalls that Mompha was re-arrested by the Economic and Financial Crimes Commission (EFCC) on January 10 for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.

He and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn brought against him by the EFCC.