N33bn Fraud: Witness Reveals How N18bn Was Paid into Mompha’s Account

A prosecution witness, Peter Ademola Adegoke, a Compliance Officer with Fidelity Bank Plc, on Friday, November 29, 2019, told Justice Abdullai M. Liman of the Federal High Court sitting in Ikoyi, Lagos how the sum of N18bn was paid into the account of a company, Ismalob Global Investments, belonging to Ismaila Mustapha, also known as Mompha. .

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Mompha was arraigned on November 25, 2019 on a 14-count charge bordering on money laundering to the tune of N33bn. At today’s sitting, the first prosecution witness, PW1, Anne Nnenna Ezekannagha, a Manager in the Customers Service Department of the Central Bank of Nigeria, CBN, told the court that Mompha’s company, Ismalob Ventures, was not registered with the CBN and that he did not have the license to operate as a Bureau de Change operator. .
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Led in evidence by the prosecution counsel, Rotimi Oyedepo, Ezekannagha further told the court that “We got a letter from the EFCC on the activities of Ismalob Global Ventures. “However, we have no history of the name with the CBN.”