COURT SLASHES MOMPHA'S BAIL SUM TO N25 MILLION, ORDERS TEMPORARY RELEASE

Justina Mboho by Justina Mboho March 28, 2022 Court slashes Mompha's bail sum to N25 million, orders temporary release.

The Ikeja Special Offences Court has reduced the bail sum of Ismaila Mustapha, an Instagram influencer popularly known as Mompha, from N200 million to N25 million.

The judge made an order reducing the sum on Monday. Mompha alongside his company, Ismalob Global Investment Limited is being prosecuted by the Economic and Financial Crime Commission (EFCC) for alleged N6 billion fraud.

Recall Natrametrics reported on January 18, that Justice Majisola Dada granted Mompha bail in the sam od N200 million

What happened in court.

After granting Mompha bail, the judge also ordered him to provide two sureties in the like sum.

At the resumed hearing today, the defence counsel Mr Gboyega Oyewole (SAN) prayed the court to reduce the ball sum by lessening the bail condition.

In an application, Mompha's lawyer, Mr. Oyewole prayed the coart to lessen the bail condition his client.

He also attached a 13-paragraph affidavit in support of the application.

He said, "My lord, I have an application dated March 8, 2022, seeking the court's variation of the ball granted to the defendant. The application is supported by a 13 paragraph affidavit which we adopted.

"We seek the prosecution to see toward the possibility of some kind od restitution but this is being tampered with because of detention. We urge your lordship to consider the variation as proposed

Responding to the defence counsel, Mr Rolimi, Oyedepo the prosecution counsel told the court that he is aware of the application but granting it was at the discretion of the court

"My Lord, we are aware of the application. We have opposed it and gave conditions to the defendant We will leave it to my lord's discretion," Oyedepo said.

In her rabiny, Justice Dada held that "The defendant is admitted to ball of N25 million with two sureties in like sam. One of the sureties must I have a landed property worth N50 million within the court's jurisdiction.