Mompha Remanded in Prison for Failing to meet Bail Conditions

Instagram celebrity, Ismaila Mustapha, popularly known as Mompha opted to be remanded at the Ikoyi Correctional Center following his inability to meet the strict bail condition of N200 million imposed by Ikeja Special Offences Court, Lagos.

The EFCC had arraigned Mompha, alongside his firm, Ismalob Global Investment Limited for alleged money laundering to the tune of over N6billion on January 12.

He was earlier remanded in the custody of the EFCC after the Jan. 12 proceedings and the court had fixed Jan. 18 to hear his bail application.

Justice Mojisola Dada, at the resumption of proceedings on Tuesday after hearing the submissions of defense counsel, Mr. Gboyega Oyewole (SAN) and EFCC prosecutor, Mr. Rotimi Oyedepo (SAN), granted Mompha bail-in “very strong terms.”

“The applicant is granted bail in the sum of N200 million with two sureties in like sum.

One of the sureties must have a property valued at N100million within the jurisdiction of this honorable court.

Both sureties must depose to an affidavit of means to allow the placement of a lien in their respective bank accounts, both sureties must be gainfully employed and resident within the jurisdiction of this court. The sureties must provide proof of tax payment for the past three years.

The applicant shall however be remanded in a Correctional Center of his choice pending the perfection of his bail,” Dada said.

However, it has been reported that after consultation with his legal team, Mompha opted to be remanded at the Ikoyi Correctional Center.

The case was adjourned until March 28, 29, and April 4, 5, and 6 for commencement of trial.

News link: https://guardian.ng/news/court-grants-mompha-n200-million-bail/