Ikeja, June 30, 2026 — A Lagos State Special Offences Court in Ikeja has reserved judgment until October 15, 2026, in the alleged N6 billion money laundering case involving Ismaila Mustapha, also known as Mompha.
Justice Mojisola Dada fixed the date after the defence concluded its case in the trial, which has been ongoing since 2022.
The Economic and Financial Crimes Commission (EFCC) arraigned Mustapha alongside his company, Ismalob Global Investment Limited, on January 12, 2022, on an eight-count charge.
The charges include conspiracy to launder funds, retention of proceeds of unlawful activities, failure to disclose assets, and possession of documents containing false pretences.
Mustapha has pleaded not guilty to all counts.
The EFCC alleged that the funds were moved through multiple channels, including the acquisition of properties outside Nigeria.
The case has experienced several adjournments before the close of arguments by both parties.
“Judgment is hereby reserved till October 15, 2026,” the court said.
The trial has attracted public attention due to the defendant’s profile on social media.
