Justice Mohammed Liman of the Federal High Court, Lagos on Monday ordered that alleged internet fraudster, Ismaila Mustapha, aka Mompha be kept in the custody of the Nigerian Correctional Services. The Court ordered that Mompha be kept behind bars after he pleaded not guilty to a 14-count charge of laundering N33 billion.

The court had also fixed Friday, November 29 for the hearing of the defendant bail application. The Economic and Financial Crimes Commision, EFCC alleged that Mompha laundered the funds through a firm, Ismalob Global Investment Ltd, between 2015 and 2018. Islamob Global Investments is the second defendant in the charge. The EFCC claimed that the funds, domiciled in Fidelity Bank, were moved in tranches of N18,059,353,413 billion and N14,946,773,393.00 billion.

The commission further alleged that both defendants, not being a financial institution, or an authorized foreign exchange dealer, negotiated a foreign exchange transaction in the sum of N9.416million, N20 million, N10,437,400.00, N10miillion, N2.46million, N10miillion, N100million, N61million, N100million, N40.7million and N42million. The funds were domiciled in the defendants’ Fidelity Bank account. The commission alleged that Mompha “between 2015 and 2018… procured Ismalob Global Investment Ltd to retain the aggregate sum of N18,059,353,413 in its account No. 5260000846 domiciled in Fidelity Bank Plc which sum you reasonably ought to have known formed part of the proceeds of unlawful act to wit: fraud.

Mompha, between 2015 and 2017, also allegedly aided the company “to retain the aggregate sum of N 14,946,773,393.00 in its account No. 5260000846 domiciled in Fidelity Bank Plc from Pitacalize Ltd. Both actions offended Sections 18(3) and 15(2)(d) of the Money Laundering Prohibition Act.2011 as amended and punishable under section 15 (3) of the same Act, the agency said.

Read more: https://www.dailytrust.com.ng/breaking-n33bn-fraud-court-remands-mompha-in-prison-custody.html

Good.
but truth be told. i prefer eating 1/10 of that money for 5years abroad and be jailed for life than living in a shithole like this corntree

Mompha may be asked to forfeit one billion and walk away a free man ..

He made more money than Davido's dad

uhmmm well a very good one... promote your business and sell a thousand items each hour check my signature

www.nairaland.com/attachments/10626679_3dysdydtgtfdrghdhdhstsghdydhshgtfyeyd_png47f61834a89316d66954f4cf6da027f0

Yawns#

Okay

Lol, naso dem go dey adjourn the yeye case till Nigerians go forget. Where is Evans today?

The Nigeria judiciary is nothing to write home about. Very toothless and corrupt arm of government.


This is not the country our heroes past fought the colonists for. I'm sure Awo and Zik will be weeping anywhere they are atm.

Man that is really much

The end shall tell the means .

Food don land

How the mighty has fallen.


Hushpuppy

As case don enter court , it's now we will know whether efcc have enough evidence.

Story....

Good

Fidelity Bank always get mentioned in almost all these big cases of cross-border financial crimes.

Not good for their image.

Oya naw. E don start.

EFCC and Nigerian courts hate people pleading not guilty

.

Can't they use the money recovered from him as giveaway?


Anyways I have a Huawei y9 2019bfor sale for 55k. Call 090 2135 0446 for pick up

Tatitiri billion... Haaa

See money my guy....

I follow this useless Mompha on Instagram, e never one day do giveaway, buh go dey post porche cars and wrist watches... suffer alone idiot

Who also just checked that account number

This is a serious case.
If the EFCC has a quarter of the skills the IRS has, then Mompha has a very incriminating case before him.

If they've concrete evidence, they should freeze all his accounts, give him serious jail time and make him a scape goat to others.

Internet fraud has made us to look like an entirely thieving nation. This dissuades other countries from awarding good opportunities to "Nigerians".

If Mompha (big fish) can be punished, then all these small 419s will have small sense and go find something legal to do.

This guy go buga prisoners die ehn, n I guessed his prison garment go be designers too.......thumb up @efcc

Ok

Ok

Useless man!!....u must rot in Jail

Fool!!!

Just a pity dat Nigeria's judiciary is derailing from what it use to be b4.

Where are the "I tap into your blessings" crew?