Just In: Court grants Mompha N200m bail

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Instagram celebrity, Ismaila Mustapha, popularly known as Mompha, has been granted bail of N200 million by the Justice Mojisola Dada-led Ikeja Special Offences Court on Tuesday.

The Court also requested two sureties, one of which must own a property valued at N100 million within its jurisdiction.

He had filed for bail through his lawyer, Gboyega Oyewole (SAN).

Mompha was re-arrested by the Economic and Financial Crimes Commission on January 10 for laundering funds obtained through unlawful activities and retention of alleged proceeds of crime.

He and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn brought against him by the EFCC.

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SUNDAY ADEBAYO is a writer, Public relations practitioner, and a versatile Journalist with over 6,000 reports on a wide range of topics associated with the Nigerian society and the international community. Currently the Editor In Chief at Society Reporters. His passion is to deliver great and insightful news and analysis on topical issues and society happenstances.