Businessman, Ismaila Mustapha, better known as Mompha, has been granted bail on the sum of N200 million by court sitting in Ikeja, Lagos.
He was granted bail by Justice Mojisola Dada of the Special Offences Court on Tuesday, January 18, 2022, during the hearing of the bail application.
Mompha's counsel, Gbenga Oyewole moving the bail had prayed that the court grant Mompha bail on "liberal terms".
Oyewole said: “It's a bailable offence and most important is that the defendant is also standing trial on 22 counts before a Federal High Court, Ikoyi, Lagos for more grievous offence before Justice Mohammed Liman, who also admitted him to bail. The prosecution has called 10 witnesses and he has never missed court”.
Oyewole further told the Court that Justice Liman, who has been transferred out of jurisdiction to Kano, "has got fiat to continue the case and we are constitutionally empowered to have access to our client. We, therefore, plead that he should be admitted to bail," he added.
Granting the application, Justice Dada granted Mompha bail in the sum of N200 million, with two sureties in like sum, one of whom must own a property within jurisdiction worth N100 million.
The two sureties must be gainfully employed, depose to an affidavit of means, and must give approval to have a lien placed on the bank accounts.
Mompha was also ordered to submit his international passport to the Court, as a necessary condition to fulfil the bail conditions.
He was ordered to be remanded in any Correctional Centre of his choice pending the fulfilment of the bail conditions.
The case has been adjourned till March 28 and 29, 2022 for trial.
It could be recalled that the Lagos Command of the Economic and Financial Crimes Commission, EFCC, had, on Wednesday, January 12, 2022, arraigned Mompha and his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activities, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activities, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from an unlawful act.
Source: www.clintonsdaily.com
Post a Comment