Alleged N33bn fraud: Court grants Mompha N100m bail

November 29, 2019

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Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.

A Federal High Court sitting in Lagos on Friday granted N100m bail to, Ismaila Mustapha, popularly known as Mompha over alleged N33billion fraud.

The EFCC had arrested Mr Mompha on October 19 at the Nnamdi Azikiwe International Airport, Abuja.

He was remanded in the commission’s custody following a court order.

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