Courtroom guidelines on Mompha’s cash laundering case Dec 9
The Federal Excessive Courtroom in Lagos has additional adjourned until December 9 to rule on the no-case submission filed by Web persona, Ismaila Mustapha, alias Mompha, in response to the cash laundering costs slammed on him by the Financial and Monetary Crimes Fee.
Justice Mohammed Liman had earlier scheduled the ruling for Wednesday, however the events had been informed by the courtroom that the ruling was not prepared.
They had been directed to return on December 9.
The EFCC arraigned Mompha and a agency, Ismalob International Funding Restricted, on 22 counts through which they had been accused of laundering an mixture of N32.95bn between 2015 and 2018.
The EFCC alleged that Mompha procured the agency to retain the N32.9bn in its checking account, when he must have moderately recognized that the funds fashioned elements of proceeds of an illegal act; to wit: fraud.
The prosecution mentioned being a chosen non-financial establishment, Ismalob International Funding Restricted did not report back to the EFCC inside seven days big single lodgments and transfers similar to N104.8m, N135m, N20m, N150m, N22.3m, N100m and N42m.
Moreover, the EFCC alleged that not being an authourised purchaser of overseas trade foreign money appointed by the Central Financial institution of Nigeria, Mompha negotiated a number of overseas trade transactions with completely different people within the sums of N20m, N22.3m, N30m, N100m and N40.7m.
He was additionally accused of constructing money funds of €299,000, €213,675, €273,000 to at least one Ahmed Sarki, mentioned to be deceased.
These offences had been mentioned to be opposite to Part 18(c), 15(2)(d), 15(3) and Part 10 of the Cash Laundering (Prohibition) Act.
The EFCC mentioned Mompha and Ismalob International Funding Restricted additionally violated sections 5 and 29(1)(c) of the Overseas Trade Monitoring and Miscellaneous (Provisions) Act Cap F34 LFN 2004.
However the defendants pleaded not responsible to the costs.
In a bid to show the costs, the EFCC referred to as 10 witnesses and tendered a load of paperwork.
However Mompha, by his lawyer, Mr Gboyega Oyewole (SAN), mentioned the anti-graft company failed to ascertain a prima facie case towards him.
He urged the courtroom to dismiss the costs and set him.
However the EFCC opposed the prayer
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