N5.9billion Money Laundering: Court Dismisses Mompha’s No-Case Submission, Approves EFCC Prosecution
N5.9billion Money Laundering: Court Dismisses Mompha’s No-Case Submission, Approves EFCC Prosecution
The court ruled that the Economic and Financial Crimes Commission (EFCC) successfully established a prima facie case against him and his company, Ismalob Global Investment Limited.
Justice Mojisola Dada of the Lagos State Special Offences Court, Ikeja, has dismissed a no-case submission filed by social media celebrity, Ismaila Mustapha, popularly known as Mompha.
The court ruled that the Economic and Financial Crimes Commission (EFCC) successfully established a prima facie case against him and his company, Ismalob Global Investment Limited.
The judge held that the defendants must enter their defence in the ongoing ₦5.9billion money laundering trial.
The matter was adjourned to January 27 and 28, 2026, for continuation of hearing.
Mompha, a Dubai-based businessman known for flaunting luxury lifestyles online, is facing an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activity, retention of criminal proceeds, failure to disclose assets, and possession of fraudulent documents.
One of the charges reads: “Ismaila Mustapha, Ahmadu Mohammed (at large), and Ismalob Global Investment Limited, sometime in 2016 in Lagos, conspired among themselves to conduct financial transactions to the tune of ₦5,998,884,653.18 with intent to promote specified unlawful activities — to wit: obtaining by false pretence.”
Mompha has been the subject of multiple EFCC prosecutions since 2019, accused of laundering billions of naira for cybercrime syndicates and using his company to disguise illicit funds.
He has consistently denied all allegations, claiming persecution and political motives behind his trials.
