A Federal high court sitting in Lagos has on Friday granted Ismaila Mustapha popularly known as Mompha a 100m bail.
The Economic and Financial Crimes Commission (EFCC) picked up Ismaila Mustapha, for alleged involvement in internet fraud and money laundering worth N33billion.
The anti graft agency had arrested him on October 19, 2019, at the Nnamdi Azikiwe International Airport, Abuja. He was remanded in the commission’s custody following a court order.
EFCC has also been collaborating with the FBI and other international law enforcement agencies on a slew of internet fraud suspects of Nigerian descent across the globe.
Following his arraignment at the Federal High Court, Ikoyi, Lagos by the EFCC, Mompha on Thursday dragged the EFCC before a High Court in Lagos.
it will be recalled that Mompha instituted a fundamental rights enforcement suit against EFCC for detaining him beyond the constitutionally stipulated days without charging him to court.
In the commencement of trial on Monday, Mompha pleaded not guilty to a 14-count charge bordering on fraud offences.
Justice Mohammad Liman ruled that Mompha be remanded in prison custody
The court also adjourned till Friday for hearing of Mompha’s bail application and the commencement of his trial.