Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, has adjourned the trial of Ismaila Mustapha aka Mompha, and his company, Ismalob Global Investment Limited.
Mompha was arraigned by the EFCC on January 12, 2022, on eight counts bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from an unlawful act.
One of the counts reads: “Ismaila Mustapha, Ahmadu Mohammed (at large) and Ismalob Global Investment Limited, sometime in 2016, in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to conduct financial transactions to the tune of N5,998,884,653.18 (Five Billion Nine Hundred and Ninety-eight Million Eight Hundred and Eighty-four Thousand Six Hundred and Fifty-three Naira Eighteen Kobo) with the intent of promoting the carrying on of specified unlawful activities to wit: Obtaining by false pretence.
However, he pleaded not guilty to the charges.
Justice Dada adjourned the trial till June 2, 2022 after hearing from both the prosecution and defence on the plea bargain.
