Alleged N6b Fraud: Mompha Remanded In EFCC Custody

www.tracknews.ng earlier reported that Mompha and his company, Ismalob Global Investment Limited were re-arraigned before Justice Mojisola Dada of an Ikeja Special Offences Court over alleged N6b fraud.

The two defendants were alleged to have laundered funds obtained through unlawful activities and retention of alleged proceeds of crime for a suspect Olayinka Jimoh (Nappy Boy), and unlawful transfer of funds for a record label, among others.

According to the anti-graft agency, the defendants laundered the sums of N5million, N32million, N120million and N15milion totalling over N6billion for the suspect.

The EFCC also alleged that Mompha concealed his crimes into expensive wristwatches and other movable assets valued at over an N70million.

Mompha, however, pleaded not guilty to the eight counts when they were read to him in court while Islamob Limited (represented by Mompha) also pleaded not guilty to the first six counts.

Following his plea, the prosecuting counsel, Rotimi Oyedepo, prayed the court for a trial date and for the remand of the defendant.

Defence counsel, Gboyega Oyewole (SAN), however, informed the court that the defence had filed the defendant’s bail application.

Justice Dada, thereafter, adjourned till January 18, 2022, for a hearing of the bail application, while the defendant was remanded in the custody of the EFCC.