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Update: Court remands businessman, Mompha in prison for allegedly laundering over N6billion for singer Nappyboy

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A Particular Offence Courtroom sitting in Lagos has ordered that businessman, Ismailia Mustapha, popularly referred to as Mompha, be stored within the custody of the Financial and Monetary Crimes Fee (EFCC) till the listening to of his bail software.

The presiding decide, Justice Mojisola Dada ordered his remand after he was arraigned on an eight rely prices which borders on aiding web fraud and being in possession of fraudulent paperwork.

Mompha and his firm, World Funding Restricted, have been accused of conspiracy to launder funds obtained by way of illegal exercise, retention of such funds, switch of funds for a suspect Jimoh Olayinka Dolapo in any other case referred to as Nappy Boy and illegal switch of funds for a document label, amongst others.

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The anti-graph company stated that the socialite hid his curiosity in costly wristwatches and different movable belongings valued at over N70million.

In keeping with EFCC, “The sums named within the cost are N5,998,884.653.18, N32million, N120million and N15,960,000, totalling over N6billion.”

Mompha nevertheless pleaded not responsible to the costs towards him. The case has been adjourned until January 18, 2022 for listening to and rule on a bail software filed by the defendant’s counsel, Gboyega Oyewole.

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