Lagos Court Strikes Out N6 Billion Mompha Charge

A Lagos court struck out the Economic and Financial Crimes Commission’s N6 billion money-laundering charge against Ismaila Mustapha, known as Mompha, and his company, ruling that the prosecution overlapped improperly with a related case pending at the Federal High Court. The decision does not resolve that separate case or determine whether the alleged transactions were lawful.

Justice Mojisola Dada of the Lagos State Special Offences Court in Ikeja delivered the ruling on November 10, 2026. She said pursuing the defendants in Ikeja while the Federal High Court case was pending amounted to an abuse of court process. The defendants were discharged from the Ikeja charge.

The case named Mompha and Ismalob Global Investment Limited. The EFCC had accused them, along with Ahmadu Mohammed, of participating in transactions worth about N6 billion in 2016 to promote unlawful activities. The eight-count charge included allegations of conspiracy to launder proceeds of unlawful activities, retaining proceeds of crime, failing to disclose assets and possessing documents containing false pretences. Mompha and his company pleaded not guilty.

Dada also questioned the inclusion of the charge’s...