LAGOS, Nigeria — A Lagos State Special Offences Court has fixed October 15, 2026, for judgment in the alleged N6 billion money laundering case involving social media personality, Ismaila Mustapha, popularly known as Mompha.
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja announced the date after the conclusion of proceedings in the long-running trial. Mompha and his company, Ismalob Global Investment Limited, are facing charges filed by the Economic and Financial Crimes Commission (EFCC).
Okay News reports that the anti-graft agency arraigned Mompha and the company on January 12, 2022, on an eight-count charge. The charges include alleged conspiracy to launder funds believed to be proceeds of unlawful activities, retention of suspected criminal proceeds, failure to disclose assets, and possession of documents allegedly containing false pretences.
The case, which has been before the court for more than four years, centres on allegations that Mompha and his company engaged in financial transactions involving funds suspected to have originated from unlawful activities. The defendant has denied the allegations and pleaded not guilty to all counts.
With the presentation of evidence and final arguments concluded, Justice Dada reserved judgment and scheduled October 15 for the court’s final decision on the matter.
The outcome of the judgment is expected to determine the legal fate of Mompha and his company in one of the most closely watched financial crime cases involving a Nigerian social media celebrity.
