Court Grants Mompha N100m Bail

SAN FRANCISCO, November 29, (THEWILL) – A Federal High Court in Lagos has granted N100m bail to suspected money launderer, Ismaila Mustapha, also known as Mompha.

Mompha was arraigned for alleged N33billion fraud.

The EFCC arrested Mompha on October 19 at the Nnamdi Azikiwe International Airport, Abuja.

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

However, the court in its ruling on Friday on his bail application granted him bail.