Mompha is charged with 14 counts bordering on fraud, money laundering and operation of a foreign exchange business without the authorisation of the Central Bank of Nigeria.He pleaded not guilty to the charges, and was granted bail in the sum of N100 million with one surety in like sum.
Enu-Obun, a staff of the Special Control Unit Against Money Laundering , told the court that looking at the transaction of Dec. 14, 2015 to Jan 25, 2018, there was no reports made. He said that he worked in the compliance department and had steadily got promoted up to the position of a principal compliance officer.The witness replied, “No.”
According to him, they are categories of businesses which are designated such as casinos, supermarkets, chartered accountants and lawyers.In the charge, prosecution alleged that Mompha laundered N32.9 billion through Ismalob Global Investment Ltd. from 2015 to 2018.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
N33 billion alleged fraud: EFCC resumes trial of MomphaPopular Instagram figure, Mompha whose real name is Ismaila Mustapha, is charged by the EFCC on 14 counts bordering on fraud and money laundering.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Mompha Ran Illicit Bureau De Change -EFCC | Sahara ReportersThe anti-graft agency said the fourth prosecution witness, Enu Matthew Obun, on Wednesday, January 15, 2020, told a Federal High Court, Ikoyi, Lagos, presided over by Justice Abdullahi Liman, that the suspected Internet fraudster ran an illegal bureau de change with his company Ismalob Global Investments Limited. Please efcc should keep their mouth shot. I beg officialEFCC Magu is an illegal chairman ,never confirmed by the senate, everything is illegal in this contraption
Source: SaharaReporters - 🏆 9. / 63 Read more »
Maina vs EFCC: What happened in court on Tuesday - Daily Post NigeriaThe Federal High Court, Abuja, on Tuesday, dismissed the application by the Economic and Financial Crimes Commission (EFCC) to screen its fourth
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Maina vs EFCC: What happened in court on TuesdayMaina vs EFCC: What happened in court on Tuesday TuesdayThoughts TuesdayMotivation TuesdayMorning TuesdayWisdom ReadThis Tuesday
Source: TheNationNews - 🏆 6. / 69 Read more »
Lagos: Cleric in court over alleged N4.3m fraud - Daily Post NigeriaA 49-year-old Cleric, Adebayo Kabiru, on Tuesday appeared before an Ikeja Chief Magistrates’ Court for allegedly defrauding one Mrs Oluwadamilola Oyesomi
Source: DailyPostNGR - 🏆 11. / 59 Read more »
BREAKING: Court sacks Ihedioha, declares APC's Uzodinma winner of election – Daily TrustThe Supreme Court has declared Senator Hope Uzodimma as governor of Imo State. The seven-membe panel of justices today held that Emeka Ihedioha was not duly elected Governor. Detail later…. ADVERTISEMENTHOW OVER 5000 NIGERIA MEN HAVE PERMANENTLY OVERCOME TERRIBLE BEDROOM PERFORMANCE DUE TO THIS RECENT DISCOVERY BY MEDICAL CONSULTANTS Dis is wickedness in high places too bad of dis country Democracy is in danger Na God bros OfficialAPCNg
Source: Daily Trust - 🏆 13. / 51 Read more »