Foreign-based Nigerian businessman, Mompha regains freedom after perfecting bail conditions

Ismaila Mustapha a.k.a Mompha has regained his freedom after perfecting the bail conditions handed to him by a Lagos High Court.

LIB reported earlier that Mompha who was arraigned by the Economic and Financial Crimes Commission (EFCC) on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria (CBN), was granted a N100m bail on Friday, November 29.

The Dubai-based Nigerian businessman was admitted to bail with one surety who must be a landed property owner by Justice Mohammad Liman, who ordered him to deposit his passport with the Deputy Chief Registrar of the court and report at the EFCC office every fortnight to show that he has not left the country.

Mompha has now perfected his bail conditions as he was spotted with his friends earlier today after regaining his freedom.