Mompha granted N200m bail

Mompha granted N200m bail

Instagram star Ismaila Mustapha, also known as Mompha, has been granted bail of N200 million by Justice Mojisola Dada of the Ikeja Special Offences Court.

Mompha was re-arrested by the Economic and Financial Crimes Commission last Monday, and he appeared in court for the first time on Wednesday, January 14.

While granting his bail application today January 18, the court requested he provides two sureties, one of which must own a property valued at N100 million within its jurisdiction.

Mompha and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn brought against him by the EFCC.

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