An Ikeja Special Offences Court on Monday reduced from N200
million to N25 million, the bail sum for social media celebrity, Ismaila Mustapha,
alias Mompha, charged with six billion Naira money laundering.
The News Agency of Nigeria reports that Justice Mojisola
Dada made the ruling following a prayer by defence counsel, Mr Gboyega Oyewole
(SAN), and submission by the prosecution counsel, Mr Rotimi Oyedepo.
Dada had on January 18 granted Mompha bail in the sum of
N200 million and two sureties.
However, on Monday, she held: “The defendant is admitted to
a bail of N25 million with two sureties in like sum.
“One of the sureties must have a landed property worth N50
million within the court’s jurisdiction.
“The defendant shall be temporarily released to defence
counsel only for two weeks pending the perfection of the bail conditions.
“Defence counsel should also write an undertaking to that
effect.”
Earlier, Oyewole tendered an application which was supported
by a 13-paragraph affidavit to pray the court to lessen the bail conditions.
“My lord, I have an application dated March 8, 2022, seeking
the court’s variation of the bail granted to the defendant. The application is
supported by a 13-paragraph affidavit which we adopted.
“We seek the prosecution to see toward the possibility of
some kind of restitution but this is being tampered with because of detention.
We urge your lordship to consider the variation as proposed.
The counsel said that the defendant had been on bail on a
22-count-charge before the Federal High Court and did not jump bail.
Responding, Oyedepo had told the court that he was aware of
the application and would leave it at the discretion of the court.
“My lord, we are aware of the application. We have opposed
it and gave conditions to the defendant. We leave it to my lord’s discretion,”
he said.
NAN reports that the case was initially scheduled for trial.
Mompha and his company, Ismalob Global Investment Ltd., were
arraigned on eight charges by the Economic and Financial Crimes Commission on
January 12.
The charges include conspiracy to launder funds obtained
through unlawful activity and laundering of funds obtained through unlawful
activity.
Other charges include retention of proceeds of criminal
conduct, use of property derived from an unlawful act, possession of a document
containing false pretence and failure to disclose assets and property.
The court adjourned the case until April 6 for a progress
report on the perfection of bail conditions.
NAN
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