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Mompha granted N200m bail

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

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Mompha was rearrested last week Monday by the Economic and Financial Crimes Commission and was first re-arraigned in court last Wednesday, January 14.

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While granting his bail application today January 18, the court requested he provides two sureties, one of which must own a property valued at N100 million within its jurisdiction.

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Mompha 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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