Mompha has been granted a bail of ₦200 million by Justice Mojisola Dada of the Ikeja Special Offences Court.

The Instagram celebrity, Ismaila Mustapha, popularly known as Mompha, was rearrested last week Monday by the Economic and Financial Crimes Commission (EFCC) and was first re-arraigned in court last Wednesday, January 14.

While granting Mompha’s bail application yesterday, Tuesday, January 18, 2022, the court requested he provides two sureties, one of which must own a property valued at ₦100 million within its jurisdiction.

Mompha and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of ₦32.9 billion brought against him by the EFCC.