TransparencIT
TransparencIT
@TransparencITng

Money laundering

May 16, 2025

FRN vs Ismaila Mustapha (Mompha) & 1 other

Humans

Ismaila Mustapha
& 1 other

Money bag

N32,900,000,000.00
Amount allegedly laundered

Money bag

Case Summary
The defendant was alleged to have fraudulently used his company to launder the said sum, part of which he used in acquiring properties in Dubai.

Calendar

1,999
Day(s) since arraignment

Gavel

Case Update
The court refused the application of the second defendant seeking the release of his international passport to enable him to travel to Lebanon for medical treatment based on the argument of the prosecution that the defendant constituted a flight risk and may run away from the trial.

Court house

Hon. Justice M. Liman
Federal High Court, Ikoyi, Lagos

Legislation

ACJA/ACJL Compliance - violated

Case Information
Ismaila Mustapha & 1 other
Presiding Judge & Designated Court
Hon. Justice M. Liman, Federal High Court, Ikoyi, Lagos
Nature and Number of Charges
22-count amended charge bordering on cyber fraud and money laundering.
Date of 1st Arraignment
Nov 25, 2019
Summary of Case
The defendant was alleged to have fraudulently used his company to launder the said sum, part of which he used in acquiring properties in Dubai.
Defendant(s) and Plea entered on Arraignment
1. Ismaila Mustapha – Not guilty
2. Ismalob Global Investments Limited (Company) – Not guilty
Defence Counsel(s)
1. Gboyega Oyewole (Senior Advocate of Nigeria)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. S.I. Suleman (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
1,999 day(s)
Case Update
The court refused the application of the second defendant seeking the release of his international passport to enable him to travel to Lebanon for medical treatment based on the argument of the prosecution that the defendant constituted a flight risk and may run away from the trial.
ACJA/ACJL Compliance
Violated