The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned popular social media celebrity, Ismaila Mustapha “Mompha” and his company, Ismalob Global Investment Ltd, in a federal court in Lagos, with an amended money laundering fee of 22 charges.
Mompha and his company were first charged with a 14-count indictment last November 25, before Judge Mohammed Liman, after his arrest on October 19 at Nnamdi Azikiwe International Airport, Abuja.
The alleged offenses, according to the EFCC, violated sections 15 (2) and 18 (3) of the Money Laundering Prohibition Act, 2011.
The defendants pleaded not guilty and received N100 million bail.
Images of Mompha on social media show him displaying his stacks of money.
The prosecution called four witnesses.
In resuming proceedings yesterday, EFCC consultant Rotimi Oyedepo obtained the court’s approval to re-arraigned the defendants on a 22-count charge.
Mompha and his company pleaded not guilty.
Mompha’s lawyer, Gboyega Oyewole (SAN), informed the court that the amended charge was applied to him and the defendants just few minutes before the court began to stand trial.
Oyewole prayed for a short time to allow defense teams to study additional load counts.
Oyedepo did not oppose him and Judge Liman postponed the continuation of the trial until March 18 and 20.
In the amended indictment, the EFCC claimed that Mompha hired Ismalob Global Investiment Ltd to retain N33.006,026,806 billion between the year 2015 and 2018.
He would also have failed to inform the anti-graft agency in writing within seven days before making several huge amounts of money for several people, including Ikechukwu Kingsley; I objected to Osemeke; one Onuskain; Okafor Ikenna; Tony Global Communication; Ogbu C & C Ventures.
He would also have participated in foreign exchange transactions without fulfilling the requirement to inform the Federal Ministry of Industry, Trade and Investment.
In another case, Mompha was accused of acquiring an Ahmed Sarki (now deceased) to make a cash payment of 765, 657, 00 Euros at a commercial bank, to a company, Pitacalize Ltd.