Ismaila Mustapha, popularly known as Mompha, has pleaded not guilty to a N33 billion money laundering charge levelled against him by the Economic and Financial Crimes Commission (EFCC).

He was arraigned by the EFCC on Monday on 14-count charge at the Federal High Court in Ikoyi, Lagos, Southwest Nigeria.

According to reports, Mompha pleaded not guilty to 14-count charge bordering on the offences.

Justice Mohammad Liman remanded him in prison custody and adjourned till Friday for hearing of his bail application and commencement of trial.

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