Instagram big boy, Ismailia Mustapha aka Mompha has been granted a ₦200m bail on charges bordering money laundering and hiding of assets in expensive wrist watches.
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Mompha who was arrested and arraigned in October 2021, was re-arrested and re-arraigned at the Special Offences Court in Ikeja, Lagos on January 10, 2022.
He then stood trial alongside his company, Ismalob Global Investment Limited, on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9 billion brought against him by the EFCC.
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Continuing his trial today which was earlier adjourned on the 12th of January, Justice Mojisola Dada of the Ikeja Special Offences Court granted Instagram celebrity, Ismaila Mustapha, popularly known as Mompha, bail of ₦200 million.
While granting his bail application today January 18, the court requested he provides two sureties, one of which must own a property valued at N100 million within its jurisdiction.