Money laundering: the court adjourns the trial of Mompha until June 2


The trial of Ismaila Mustapha, also known as Mompha, and his company, Ismalob Global Investment Limited, before Judge Mojisola Dada of the Special Offenses Court, Ikeja, Lagos, continued on Wednesday, April 6, 2022 , with the prosecution and defense providing the court with a “report” on the plea bargain being drawn up.

Mompha was charged on January 12, 2022 by the Lagos Zonal Command of the Economic and Financial Crimes Commission with conspiracy to launder funds obtained through unlawful activities, withholding proceeds of crime, laundering of funds obtained through illegal activities, non-disclosure of assets and property. , the possession of documents containing a false pretense and the use of property derived from illegal activities.

One of the counts reads: “Ismaila Mustapha, Ahmadu Mohammed (at large) and Ismalob Global Investment Limited, in 2016, in Lagos, in the jurisdiction of this Honorable Court, conspired between you to effect financial transactions to the tune of N5,998,884,653.18 (Five Billion Nine Hundred Ninety Eight Million Eight Hundred Eighty Four Thousand Six Hundred Fifty Three Naira Eighteen Kobo) for the purpose of promoting the exercise of specified illegal activities, namely: obtaining by false pretense.”

He pleaded “not guilty” to the charges.

“The most important thing, my lord, is that the accused wants to bring the prosecution on the charges,” he said.

During today’s proceedings, the prosecutor, SI Suleiman, informed the Court that the two parties were “in the process of negotiating a plea”.

So he prayed to the court a little longer.

In his response, Kolawole Salami, who held Oyewole’s file, confirmed the prosecution’s position.

“The defendant wants peace of mind and still maintains his plea of ​​not guilty,” he added.

The matter was subsequently adjourned until Thursday, June 2, 2022.

Previous NagaCorp (HKG:3918) makes moderate use of debt
Next What makes online personal loans an attractive option?