EFCC Re-Arraigns Mompha for Alleged N32. 9 Billion Fraud

Mompha rearraigned by the Efcc

The Economic financial crimes commission, EFCC, has brought up new fresh charges against instagram big boy, Mompha.

Recall that in November 2019, Mompha was arrested while on a visit to Nigeria Lagos, on charges of Fraud and Illegal financial activities.

The 14-count charge bordered on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria, CBN.

Mompha rearraigned by the Efcc

On wednesdya, March 4th 2020, the EFCC brought 8 more new charges against the business man, making it 22 charges on fraudulent activities, including the N32.9 billion fraud charge against him.

During the resumed Hearing at a federal high court sitting in Ikoyi Lagos, the Legal counsel to the EFCC, Rotimi Oyedepo urged the court to allow a fresh plea by the defendant.

The presiding judge, Justice Mohammed Liman, ordered that the defendant’s bail of N100 million to continue and then adjourned the case until March 18 for continuation of trial.