The Federal High Court in Lagos, on Monday, ordered for alleged Internet fraudster, Mompha, to be remanded in the prison custody.
Justice Mohammed Liman made the remand order on Monday shortly after Ismail Mustapha was arraigned before him on 14 counts bordering on cyber fraud and money laundering.
The Economic and Financial Crimes Commission alleged that Mompha procured one Ismalob Global Investment Limited and retained in its bank account an aggregate of N32.9bn between 2015 and 2018.
The EFCC said Mompha “ought to have reasonably known that the money formed part of proceeds of unlawful act, to wit: fraud.”
The Internet celebrity was also accused of negotiating foreign exchange transactions of various sums with various persons when he was not an authorised seller appointed by the CBN.
When the charges were read to him, however, Mompha pleaded not guilty.
The prosecution confirmed that it had been served with the bail application but said it required time to read and respond to it.
Justice Liman adjourned till Friday, November 29, to take arguments on the bail application and for trial to commence.