Daily Trust

N32.9bn fraud: EFCC asks court to dis­miss Mom­pha’s ‘no case sub­mis­sion’

- From Ade­lanwa Bamg­boye, La­gos Corruption · Crime · White-collar Crime · Discrimination · Sexual Abuse · Fraud · Human Rights · Society · Violence and Abuse · Nigerian Economic and Financial Crimes Commission · Lagos

The Eco­nomic and Fi­nan­cial Crimes Com­mis­sion (EFCC), on Wed­nes­day in La­gos, urged Jus­tice Mo­hammed Li­man of the La­gos Fed­eral High Court to ig­nore the “no case sub­mis­sion” filed by al­leged in­ter­net fraud­ster, Is­mail Mustapha alias Mom­pha.

EFCC’s Coun­sel, S. I. Su­laiman, stated this in a counter to Mom­pha’s “no case sub­mis­sion” ap­pli­ca­tion which was adopted by the court.

Mom­pha is stand­ing be­fore the court along­side Is­malob Global

In­vest­ment Lim­ited over an al­leged N32.9bn fraud.

The EFCC al­leged that not be­ing an au­tho­rised buyer of for­eign cur­rency ap­pointed by the CBN, Mom­pha ne­go­ti­ated sev­eral for­eign ex­change (forex) trans­ac­tions with dif­fer­ent in­di­vid­u­als in the sums of N20m, N22.3m, N30m, N100m and N40.7m.

Mom­pha was also ac­cused of mak­ing cash pay­ments of 299,000, 213,675, 273,000 to one Ahmed Sarki, said to be de­ceased.

The of­fences, ac­cord­ing to the pros­e­cu­tor, are in breach of Sec­tions 18(c), 15(2) (d), 15(3) and 10 of the Money Laun­der­ing (Pro­hi­bi­tion) Act. The de­fen­dants pleaded not guilty. The pros­e­cu­tor, Su­laiman, said based on the ev­i­dence ad­duced and ex­hibits ten­dered, the pros­e­cu­tion has been able to link the de­fen­dants with the al­leged of­fences, which he ex­plained would war­rant the court to di­rect the ac­cused to give ex­pla­na­tion.

Su­laiman con­se­quently urged the court to dis­miss the “no case” ap­pli­ca­tion and or­der him to open his de­fence.





Gbenga Oye­wole (SAN), ear­lier opted to file a no case sub­mis­sion af­ter the EFCC had called 10 wit­nesses who tes­ti­fied in a 22 count-charge against him and his firm, Is­malob Global In­vest­ment Lim­ited, on the al­leged fraud.

Oye­wole, in urg­ing the court to up­hold his client’s no case sub­mis­sion, said the pros­e­cu­tion failed to link his client, Mom­pha, to any count of the al­leged of­fences.

Af­ter hear­ing both par­ties, Jus­tice Li­man ad­journed the case to Novem­ber 15, 2020, for rul­ing.

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