BREAKING: Mompha granted N100m bail by Court

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Former Dubai-based Bureau de change operator, Ismaila Mustapha also known as Mompha has been granted bail by a Federal High court on the Friday.

The court located in Lagos state granted the suspected fraudster bail in the sum of N100million. 

Recall, Mompha was arraigned for alleged N33billion fraud after being arrested in Abuja. 

His alleged accomplice, a Lebanese man identified as Koudeih had been arrested after his high security penthouse suite at Eko Atlantic was broken into by the EFCC.


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Mompha who had sued the EFCC for wrongful detainment had plead not guilty to the 14 count charge of fraud brought against him. 

He has since been remanded in the commission’s custody following a court order.

READ: OAU professor arraigned over ‘yahoo yahoo’ [photo]


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