Embattled Nigerian socialite, Mompha has been granted bail by the Federal High Court in Lagos on Friday, November 29.
The alleged fraudster, Mompha real name Ismaila Mustapha was granted bail for the sum of N100 million.
Recall that EFCC had arrested Mompha on October 19 for alleged internet fraud and money laundering recently at the Nnamdi Azikiwe International Airport in Abuja.
He was arraigned for alleged N33billion fraud.
Following his arraignment at the Federal High Court, Ikoyi, Lagos by the EFCC, Mompha on Thursday dragged the EFCC before a High Court in Lagos.
He instituted a fundamental rights enforcement suit against EFCC for detaining him beyond the constitutionally stipulated days without charging him to court.
In the commencement of trial on Monday, the internet sensation pleaded not guilty to a 14-count charge bordering on fraud offences.
Justice Mohammad Liman in ruling ordered that the socialite be remanded in prison custody.
The court also adjourned till Friday for hearing of the Instagram star’s bail application and the commencement of his trial.
EFCC remands Mompha for alleged money laundering
Recall, he had dragged the Economic and Financial Crimes Commission(EFCC) to court over alleged unlawful detention and violation of his rights.
In the suit he filed before the Lagos State High Court in Igbosere, Mompha demanded N5m against the EFCC for putting him in detention beyond the constitutionally-allowed period without being charged to court.
Specifics of Mr Mustapha’s offence, especially the amount and illicit trade involved, could not be immediately obtained. Meanwhile, he has been detained by the EFCC in Lagos.
“Mustapha allegedly perpetrates his fraudulent activities under the cover of being a Bureau de Change operator, to launder his proceeds of crime,” the EFCC spokesman, Wilson Uwujaren had said during the time of his arrest.
The arrest was reportedly a joint operation between Interpol and the EFCC.
Mr Mustapha has cut a personality of one of Nigeria’s wealthiest socialites on social media, using Instagram to post pictures of his family’s wealth.