By Emmanuel Awosika
A Federal High Court sitting in Lagos has adjourned its ruling on the case of Ismail Mustapha, popularly called Mompha, until December 9, 2020.
Mompha, who was arrested by the Economic and Financial Crimes Commission (EFCC) last year, is facing charges including fraud, money laundering and operation of a foreign exchange business without authorisation by the Central Bank of Nigeria.
The EFCC arraigned Mompha along with an entity known as Ismalob Global Investment Ltd.
Mompha had entered a Not Guilty plea during the trial and was granted bail upon payment of N100m and provision of one surety.
Justice Mohammed Liman, on October 14, had adjourned ruling on the case, following submissions by the prosecution and defence counsel.
Mompha’s lawyer, Gboyega Oyewole SAN, had informed the court that he filed a no-case submission dated August 11, saying the prosecution of failed to establish a prima facie case against the defendant.
However, ruling on the defence counsel’s no-case submission could not take place as the court failed to sit, prompting the adjournment.
The EFCC is accusing Mompha of laundering about N32.9 billion through Ismalob Global Investment Ltd. from 2015 to 2018, among other things.