The Lagos State Special Offences Court sitting in Ikeja has reserved judgment until October 15, 2026, in the alleged N6 billion money laundering case involving social media personality, Ismaila Mustapha, popularly known as Mompha.
Justice Mojisola Dada fixed the date after the conclusion of proceedings in the long-running trial before the court.
The Economic and Financial Crimes Commission (EFCC) arraigned Mompha and his company, Ismalob Global Investment Limited, on January 12, 2022, on an eight-count charge bordering on alleged conspiracy to launder funds said to have been derived from unlawful activities.
The charges also include the alleged retention of proceeds of criminal conduct, failure to disclose assets, and possession of documents containing false pretences, among other offences.
Mompha and his company have faced prosecution since their arraignment in 2022, with the anti-graft agency maintaining that the offences contravene relevant provisions of Nigeria’s anti-money laundering laws.
The court is expected to deliver its verdict on October 15, 2026, following the conclusion of arguments by both the prosecution and the defence.
