• About us
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 28, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home News

Mompha’s Money Laundering Trial To Resume March 13

Admin by Admin
February 4, 2025
in News
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on Whatsapp

By Nkechi Eze

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos has adjourned till March 13, 2025 further hearing in the trial of Ismaila Mustapha for an offence bordering on alleged money laundering. 

Recall that the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, had on January 12, 2022 arraigned Mompha alongside his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretences and use of property derived from an unlawful act.

One of the counts reads: “Ismaila Mustapha, Ahmadu Mohammed (at large) and Ismalob Global Investment Limited, sometime in 2016, in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to conduct financial transactions to the tune of N5,998,884,653.18 ( Five Billion Nine Hundred and Ninety-eight Million,  Eight Hundred and Eighty-four Thousand, Six Hundred and Fifty-three Naira Eighteen Kobo), with the intent of promoting the carrying on of specified unlawful activities to wit: obtaining by false pretence.”

He pleaded “not guilty” to the charge when it was read to him.

A statement signed by the commission’s spokesperson Dele Oyewale reads; 

At the resumed sitting on Monday, February 3, 2025, the prosecution counsel, S.I. Suleiman presented its sixth prosecution witness, PW6, Idi Musa, an operative of the EFCC.

The prosecution, through the PW6, who was recalled to testify in the matter, sought to tender documents received from the Federal Bureau of Investigation,FBI. 

However, counsel to the defendant, Kolawole Salami, objected to the admissibility of the documents on the grounds that “they emanated from the US Department of Justice through the US Consulate Office. They are public documents, but were not certified.

 “The EFCC, not being the maker of the said documents, cannot purportedly certify the same.”

The judge, however, admitted the said documents as exhibits P8, P9 and P10, respectively. 

In his further testimony, the PW6 admitted that though the first defendant stated during investigation that he owned the wristwatches recovered from him, he did not input the same in the Asset Declaration Form filled upon his arrest.

During cross-examination by the , the PW6 admitted that the defendant was arrested in 2019 and was earlier charged before the Federal High Court, Ikoyi, Lagos, for money laundering- related offenses , which is still pending before the court.  

He admitted that the wristwatches were ordered to be released to the defendant by two separate orders of the Federal High Court. 

The court orders were admitted as exhibits P11 and P12. 

In his further testimony, the PW6, under cross-examination, told the court that the document referred to in count 7 was obtained in the absence of the defendant.

According to him, the defendant refused to make a statement when he was confronted with the document during investigations.

The witness, upon further cross- examination, admitted that no petition was received from Continental Diary Facility Southwest LLC in respect of the first defendant.

“It was the Commission who enquired from the company and a statement was made,” he said.

When asked by the defence counsel if the said statement of the company was before the court, the witness could not provide it.

 The matter was adjourned till March 13, 2025 for further cross-examination and continuation of trial.

ShareTweetSend
Previous Post

Again, EFCC Takes 11 Chinese to Court in Lagos over Alleged Cyber-Terrorism and Internet Scam

Next Post

Maiduguri Court Convicts Two Over N22.1 Million Fraud

Admin

Admin

Related Posts

NYSC DG Charges Corps Members to Sustain National Unity, Integration
News

NYSC DG Charges Corps Members to Sustain National Unity, Integration

September 28, 2025
NDLEA Arrests Two Drug Kingpins in Lagos, Intercepts Bandits’ Suppliers in Borno, Yobe, Destroys 24,146kg Skunk in Edo Forests
News

NDLEA Arrests Two Drug Kingpins in Lagos, Intercepts Bandits’ Suppliers in Borno, Yobe, Destroys 24,146kg Skunk in Edo Forests

September 28, 2025
Nigeria Customs Unveils One-Stop-Shop to Cut Cargo Clearance Time to 48 Hours
News

Nigeria Customs Unveils One-Stop-Shop to Cut Cargo Clearance Time to 48 Hours

September 28, 2025
Next Post

Maiduguri Court Convicts Two Over N22.1 Million Fraud

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

ARCN Boss Congratulates Senator Ladoja as 44th Olubadan of Ibadanland, Urges Support for Tinubu’s Reforms

ARCN Boss Congratulates Senator Ladoja as 44th Olubadan of Ibadanland, Urges Support for Tinubu’s Reforms

September 27, 2025
NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

September 27, 2025
  • Trending
  • Comments
  • Latest
Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

Imo Monarch Raises Alarm as 22-Year-Old Abandoned Road Threatens to Cut Off Okwuohia Community

August 26, 2025
FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

FG Rescues 11 Nigerian Miners Stranded in Central African Republic, Brings Them Home Safely

August 15, 2025
NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

NIMC Trains Corps Members for Nationwide NIN Ward Enrollment Initiative

June 24, 2025

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
ARCN Boss Congratulates Senator Ladoja as 44th Olubadan of Ibadanland, Urges Support for Tinubu’s Reforms

ARCN Boss Congratulates Senator Ladoja as 44th Olubadan of Ibadanland, Urges Support for Tinubu’s Reforms

September 27, 2025
NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

NYSC DG Advocates Tailored Training as PSIN Seeks Collaboration with Scheme

September 27, 2025
NYSC DG Applauds Tinubu as Scheme Receives 40-Seater CNG Bus from Pi-CNG, NNPCL

NYSC DG Applauds Tinubu as Scheme Receives 40-Seater CNG Bus from Pi-CNG, NNPCL

September 27, 2025
Former PDP Chairman Emmanuel Anyanwu Emerges as ADC Chairman in Obowo, Promises Unity and Progress

Former PDP Chairman Emmanuel Anyanwu Emerges as ADC Chairman in Obowo, Promises Unity and Progress

September 27, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In