Nigerian socialite, Ismailia Mustapha, who is popularly known as Mompha, pleaded not guilty to the fresh charges against him.
The Economic and Financial Crimes Commission (EFCC) arraigned him and one of his companies, Ismalob Global Investment Limited, on eight counts for alleged money laundering of over 6 billion naira.
And today, he appeared in court before Justice Mojisola Dada of the Ikeja Special Offences Court.
One of the charges against him said that he and Ismalob allegedly conspired to launder funds they obtained through unlawful activity, retention of the funds, transfer of funds to a suspect, Olayinka Jimoh, also known as Nappy Boy, and unlawful transfer of funds to a record label, among others.
The charge added that the amount of money involved was 32 million naira, 5,998,884.653.18 naira, 120 million naira, and 15,960,000 naira. which equates to over 6 billion naira.
Related: EFCC Speak On The Re-Arrest Of Mompha, Reveal Their Plan
The Commission also claimed that he hid his interest in expensive wristwatches and an iPhone, which were worth over 70 million naira.
Following an argument, Justice Dada ordered for him to be detained in the custody of the Commission.
The high court has fixed January 18 as the trial date.
