Alleged cybercriminal, Ismail Mustapha, better known as Mompha, has perfected his bail conditions and has been released from custody.

He was granted bail on Friday after he was arraigned for alleged N33 billion fraud.

The Economic and Financial Crimes Commission (EFCC) had arrested Mompha on 19 October at the Nnamdi Azikiwe International Airport, Abuja for alleged fraud.

He was arraigned by the EFCC on 14-count at the Federal High Court in Ikoyi, Lagos, Nigeria. At his arraignment, EFCC counsel Rotimi Oyedepo told Justice Mohammad Liman that Mompha laundered the funds through Ismalob Global Investment Ltd, between 2015 and 2018.

Mompha pleaded not guilty to 14 counts of money laundering, unauthorised forex trade and failure to comply with the Federal Ministry of Industry, Trade and Investment.

He was remanded in the commission’s custody following a court order.

Instablog shared a video of him celebrating after regaining his freedom. Watch video below:

 

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Alleged Money Laundering: Mompha regains freedom after perfecting his bail condition

A post shared by Instablog9ja (@instablog9ja) on Dec 9, 2019 at 10:10am PST

Meanwhile, the antigraft agency had applied for a summons to be issued to several witnesses, including a Central Bank of Nigeria (CBN) Director of Trade and Exchange, Mr Ahmed B. Umar, in its case against suspected money launderer, Ismaila Mustapha, also known as Mompha.

Justice Mohammad Liman of Federal High Court in Lagos granted the EFCC’s prayer.