Justice Liman fixed the date after listening to the testimony of the last prosecution witness, a director in the defendant’s company, Hamodu Muhammed. Mompha Nigeria
EFCC had charged Mompha, for allegedly laundering about N33 billion, through his firm, Ismalog Global Investment Limited. He was arraigned alongside his company on 14-count-charge bordering on operating Bureau De’ Change without registering with the Central Bank of Nigeria and other regulating ministries. He was also accused of failing to comply with the Federal Ministry of Industry, Trade and Investment in carrying out an unlawful negotiation of foreign exchange.
The witness told the court that he and the third director both have 200, 000 shares in the company while Mompha has 600,000 shares in the company. Mohammed also told the court that the company which was registered in 2015, was not licensed to carry out BDC services and that all the transactions carried out by the company, were facilitated by Mompha. He was therefore cross-examined by defendant counsel, Mr. Gboyega Oyewole who led Kolawole Salami and Adefolaju Ademola.
When he was asked about the query issued by the Federal Inland Revenue Service to Mompha’s firm, the witness said he referred the query to the firm’s auditor, one Abiodun Audu, who responded to the query and that FIRS is yet to respond to the reply.He also told the court that Mompha’s firm was given commissions on any transactions it facilitated to Mompha Bureau De Change Services.
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