Mompha's 'N33 Billion Laundering' Trial Set To Resume On January 15 - FOW 24 NEWS

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Mompha's 'N33 Billion Laundering' Trial Set To Resume On January 15

The Nation reports that a Federal High Court in Lagos on Wednesday fixed January 15, 2020, to continue the affirmed N33bn illegal tax avoidance preliminary of a speculated web fraudster Ismaila Mustapha, false name Mompha. 


The new date was fixed at the occurrence of the respondent's direction, Mr. Ademola Adefolaju who subbed for Mr. Gboyega Oyewole (SAN). 

Mompha was summoned by the Economic and Financial Crimes Commission (EFCC) on November 25, 2019, after his capture on October 19 at the Nnamdi Azikiwe International Airport, Abuja. 

He and his co-respondent, Ismalob Global Investments Ltd, argued not blameworthy to a 14 tally charge verging on the offense and are out on bail. 

In the charge, the EFCC asserted that Mompha obtained Ismalob Global Investment, claimed by him, to hold a total of N18.05billion somewhere in the range of 2015 and 2019. 

He was additionally asserted to have aided the company to hold N14.9 billion somewhere in the range of 2015 and 2017, while not conforming to the Central Bank of Nigeria (CBN) and Federal Ministry of Trades and Investment money related exchanges necessity. 

In another occurrence, the EFCC blamed Mompha and his firm for unlawfully arranging a Foreign exchange with the complete entirety of N630, 125, 900 million, for certain people. 

The offenses, as per the commission, repudiated Sections 18(c) and 15(2)(d) of the Money Laundering Prohibition Act, 2011 and culpable under Section 15 (3) of a similar Act.
Mompha's 'N33 Billion Laundering' Trial Set To Resume On January 15 Reviewed by FOW 24 News on January 09, 2020 Rating: 5 The Nation reports that a Federal High Court in Lagos on Wednesday fixed January 15, 2020, to continue the affirmed N33bn illegal tax avoi...

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