N32.9bn Fraud: Mompha’s No-Case Submission Angers EFCC

Mompha EFCC

By Modupe Gbadeyanka

The Economic and Financial Crimes Commission (EFCC) has kicked against the no-case submission filed by an Instagram star, Mr Ismail Mustapha, alias Mompha.

Mompha is standing trial before Justice Mohammed Liman of the Federal High Court, sitting in Ikoyi, Lagos for an alleged internet fraud of about N32.9 billion.

At the court on Wednesday, October 14, 2020, the popular foreign exchange (forex) trader filed a no-case submission through his legal counsel, Mr Gbenga Oyewole (SAN) after the prosecution had closed its case at the last sitting.

Mr Oyewole, in urging the court to uphold his client’s no-case submission, said the prosecution had failed to link his client to any offence on all the counts of the charge.

However, the prosecution counsel, Mr S. I. Sulaiman, in his response, urged the court to dismiss Mompha’s no-case submission application, which was adopted before the court.

In urging the court to dismiss Mompha’s application, Mr Sulaiman said the prosecution had been able to link the defendant to the alleged offences based on the evidence adduced and exhibits tendered through the 10 prosecution witnesses, who had testified in the matter.

He, therefore, urged the court to dismiss the application and order the defendant to open his defence.

After listening to both parties, Justice Liman adjourned the matter to November 18, 2020 for ruling on the defendant’s no-case submission.

Mompha was re-arraigned by the anti-graft agency yesterday at the court alongside his company, Ismalob Ventures, on an amended 22-count charge of fraud.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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