Suspected fraudster, Ismaila Mustapha, also known as Mompha, has been released on bail.
Mompha was released after Justice Mojisola Dada of the Lagos State Special Offences Court sitting in Ikeja adjusted his bail conditions.
The EFCC arraigned Mompha along with his company, Ismalob Global Investment Limited, over alleged eight counts of conspiracy to launder funds obtained through unlawful activity.
He is also alleged to have retained proceeds of criminal conduct, failure to disclose assets and property, possession of documents containing false pretense, and the use of property derived from unlawful act.
Elsewhere; Justice Ijeoma Ojukwu of the Federal High Court in Abuja has jailed one Mohammed Sani Zubair to two-year imprisonment over a fraud of one hundred and eighty million naira.
The EFCC arraigned Zubair, whom it described as a serial fraudster, on a four-count charge for allegedly defrauding a retired Army General, identified as retired Major General Geoffrey Ejiga.
The EFCC acted based on a petition by the victim’s children, who accused Zubair of taking undue advantage of their father’s old age to defraud him of the said amount of money.