Alleged Money Laundering: Court Adjourns Mompha’s Trial Till July 1

The Lagos Zonal Command of the EFCC, had on January 12, 2022 arraigned Mompha alongside his company, Ismalob Global Investment Limited, on an eight-count charge bordering on conspiracy to launder funds obtained through unlawful activity, retention of proceeds of criminal conduct, laundering of funds obtained through unlawful activity, failure to disclose assets and property, possession of documents containing false pretences and use of property derived from unlawful act.
He pleaded  not guilty  to the charges when they were read to him.
On September 22, 2022, Justice Dada ordered that the trial of Mompha would continue in absentia after he jumped bail.
At the proceedings, Ozoemenam, a compliance officer with the bank, who was led in evidence by the prosecuting counsel, S.I. Suleiman, told the court that the bank received requests from the EFCC as part of the EFCC’s investigation.
The prosecution then tendered the documents containing the account opening package and urged the court to admit them into evidence.
However, defence counsel, Kolawole Salami, said he would reserve his objection to the application.
Under cross-examination, the witness told the court that the account was opened in 2016, and as at that time, he was part of the internal control, and  moved from branch to branch.
He further testified that anomalies in bank accounts are reported to the Nigerian Financial Intelligence Unit, NFIU.
The case has been adjourned till July 1, 2024 for continuation of trial.