Mompha fulfils N100million bail condition, regains freedom

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Alleged fraudster and Nigerian socialite, Ismaila Mustapha a.k.a Mompha has regained his freedom after perfecting the bail conditions handed to him by a Lagos High Court.

According to reports, Mompha was arraigned by the Economic and Financial Crimes Commission (EFCC) on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorization of the Central Bank of Nigeria (CBN), but was finally granted a N100m bail on Friday, November 29.

The Dubai-based Nigerian businessman was admitted to bail with one surety who must be a landed property owner by Justice Mohammad Liman, who ordered him to deposit his passport with the Deputy Chief Registrar of the court and report at the EFCC office every fortnight to show that he has not left the country.

Mompha has now perfected his bail conditions and was spotted with his friends after regaining his freedom.

 

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