Mompha Instagram huge kid and socialite, Ismailia Mustapha aka Mompha who was arraigned for money laundering by the Economic and Financial Crimes Commission (EFCC), has actually been approved a N200 million with 2 sureties in the like amount on Tuesday, January 18.

As part of conditions for bail, Justice Mojisola Dada of the Ikeja Special Offences Court purchased that a person of Mompha’s 2 sureties must own home valued at N100million within the jurisdiction.The court also bought his remand in the custody of a correctional centre of his choice in Lagos, pending perfection of his bail conditions while his international passport already sent is to remain in the custody of the court’s registrar.Mompha was re-arrested on January 10 by the Economic and Financial Crimes Commission(EFCC)over fresh evidence.The defendant was arraigned along with his business, Ismalob Global Investment Ltd, on a fresh eight-count charge of fraud.He pleaded innocent to charge of conspiracy to launder funds acquired through illegal activity, laundering of funds gotten through illegal activity and retention of proceeds of criminal conduct.Other charges are use of residential or commercial property originated from unlawful act, belongings of document consisting of false pretense and failure to reveal assets and properties.The EFCC alleges that Mompha devoted the offences in between 2016 to 2019 in Lagos.The offender is declared to have conspired together with Ahmadu Mohammed now at large to perform N5.9 billion worth of financial deals with the intent of dedicating the offense of acquiring by false pretence.Also, the anti-graft firm declares that Mompha on February 11, 2019, moved the sum of N15.9 million to Naptown Records and on February 13, 2019, moved the sum of N20 million to Wisegate Sleek System. The funds are declared to

be earnings of criminal offense(getting under false pretences ). The EFCC stated that on February 3, 2020, the defendant presumably had in his ownership a file consisting of false pretence titled’ Select Milk Producer J.P Morgan’which was used to defraud Continental Diary Facilities LLC.It likewise declared that on October 20, 2019, Mompha stopped working to furnish info in relation to his interest in expensive watches such as a Rolex wristwatch, a Hublot wristwatch, 2 Piguet wristwatches, and an iPhone 8 all worth N70 million. ToriNG