The Lagos State Special Offences Court in Ikeja has fixed October 15, 2026, for judgment in the alleged ₦6 billion money laundering case involving social media personality, Ismaila Mustapha, popularly known as Mompha.
Justice Mojisola Dada, who is handling the case, reserved judgment after proceedings in the matter involving Mompha and his company, Ismalob Global Investment Limited.
The Economic and Financial Crimes Commission (EFCC) had charged Mompha and his company on January 12, 2022, with an eight-count charge bordering on alleged conspiracy to launder funds obtained through illegal activities, retention of proceeds of crime, failure to declare assets, and possession of documents containing false information, among other offences.
The court is now expected to deliver its ruling in October 2026.
Meanwhile, the EFCC Lagos Zonal Directorate 1 recently arraigned Sarumi Samusudeen Babafemi before Justice Rahman Oshodi of the same court over an alleged ₦206 million fraud case.
Babafemi, alongside his companies — 606 Autos Limited, 606 Music Limited and Splash Off Entertainment Limited — is facing a five-count charge involving alleged conspiracy, concealment and transfer of proceeds of crime.
The anti-graft agency alleged that the offences violated provisions of the Lagos State Criminal Law, 2011.
The EFCC also described Babafemi as an associate of Mompha, who is known for showcasing a luxury lifestyle on social media and is currently facing a high-profile money laundering trial.
For eye witness news report, Contact us SNOW TV NEWS via snowmediatv@gmail.com or WhatsApp on +2348143077239
FOR MORE INFO, TRENDING AND BREAKING NEWS UPDATE, FOLLOW OUR SOCIAL MEDIA CHANNEL @OFFICIALSNOWTV