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‘N33bn fraud’: EFCC seeks to nail Mompha as uncle testifies in court docket

The Financial and Monetary Crimes Fee, EFCC, on Friday, introduced every other witness towards Ismaila Mustapha, aka Mompha, ahead of Justice A. M. Liman of the Federal Top Courtroom in Ikoyi, Lagos.

EFCC is prosecuting Mompha along his corporate, Ismalob World Funding Restricted, on an amended 22-count fee.

They border on cyber fraud and cash laundering to the track of N33billion.

Prosecution recommend, Rotimi Oyedepo, invited the 10th prosecution witness (Pw10), Alhaji Ahmadu Mohammed.

Mohammed is Mompha’s uncle.

Mohammed recalled that he and one different individual are administrators at Ismalob World Funding Restricted.

He showed that Mompha was once the only signatory to the account of the corporate, domiciled in Constancy Financial institution.

Mompha’s stocks within the corporate, Mohammed disclosed, are price 600,000, whilst the ones of 2 different administrators are price 200,000 every.

Ahmadu additionally informed the court docket that his activity was once to shop for the Euro an identical of the cash despatched to Mompha and ship again in money to the recipient, on Mompha’s directives.

The uncle additional printed that the corporate whose operations commenced in December, 2015, isn’t a registered bureau de trade.

On cross-examination, defence attorney, Gboyega Oyewole SAN mentioned there was once no hyperlink between Ismalob World Funding Restricted and Mompha BDC.

He insisted that the previous is a separate corporate.

Justice Liman adjourned until July 24, 2020 for listening to on an utility filed via Mompha.

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