Money laundering: Court revokes bail and orders arrest of Mompha

On Wednesday, Justice Mojisola Dada of Lagos’ Ikeja Special Offences Court issued a bench warrant for the arrest of alleged internet fraudster Ismaila Mustapha aka Mompha.

The Economic and Financial Crimes Commission (EFCC) had on January 12 charged Mompha and his company, Ismalob Global Investment Limited, with N6bn money laundering.

The court had on March 28, ordered Mompha to submit his passport to court after his bail sum was reduced from N200m to N25m.

However, the defendant has failed to appear in court on two scheduled dates for his trial.

During proceedings on Wednesday, the judge stood down the matter for a while in expectation of the defendant’s arrival, but failed to appear in court again at the resumption of court proceedings.

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The EFCC lead counsel, Rotimi Oyedepo said the court should issue an arrest warrant against him.

The judge said the excuse given last time for the defendant not appearing in court was that he contacted COVID-19 which was found to be false.

Subsequently, Justice Dada revoked the defendant’s bail and ordered his arrest.

The judge adjourned the matter till June 30, 2022.