Money Laundering: Court Grants Mompha N200m Bail
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, January 18, 2022, granted bail to Ismaila Mustapha, also known as Mompha, in the sum of N200m (Two Hundred Million Naira).
The Lagos Command of the Economic and Financial Crimes Commission, EFCC, had, on Wednesday, January 12, 2022, arraigned Mompha and his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activities, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activities, failure to disclose assets and property, possession of documents containing false pretence and use of property derived from an unlawful act.
P&ID Scam: Grace Taiga Takes on Amended Charge, Remanded In Prison
Justice Obiora Egwuatu of the Federal High Court Abuja, on Monday, 17 January 2022 remanded Grace Taiga, a former Director of Legal at the Ministry of Petroleum Resources, in prison custody pending perfection of her bail condition.
The defendant who is facing prosecution by the Economic and Financial Crimes Commission, EFCC, for allegedly receiving bribes to facilitate the award of contract in the infamous Process & Industrial Development Limited (P&ID) scam, failed to provide a surety after she was granted bail by the court sometime in October, 2021.
EFCC Arraigns Female Lawyer for Money Laundering
The Benin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Friday, January 14, 2022 arraigned Anumati Stella Ojevwe before Justice Okon Abang of the Federal High Court sitting in Warri, Delta State.
Ojevwe was arraigned on a 14-count charge of money laundering. The defendant is alleged to have received the sum of N105, 000,000 (One Hundred and Five Million) from SA-FX Global investment.