Socialite and businessman Ismaila Mustapha, popularly known as Mompha, has celebrated a reported court ruling striking out the money laundering charges filed against him by the Economic and Financial Crimes Commission (EFCC).
Mompha announced the development in a statement shared on social media, describing the reported outcome as a major victory after years of legal battles with the anti-graft agency.
According to the businessman, Justice Mojisola Dada of the Lagos State Special Offences Court, Ikeja, delivered the ruling on Tuesday, November 10, 2026, striking out the charges on grounds of alleged abuse of court process and forum shopping.
Reacting to the decision, Mompha said his legal battle, which he claimed began in 2019, had subjected him to years of harassment, intimidation and disruption of his personal life.
He maintained that he had travelled to Nigeria in 2019 with the intention of investing in the country’s economy before his encounter with the EFCC allegedly led to the legal troubles.
In his words:
“VICTORY AT LAST!!
A battle of victimisation, harassment and intimidation that started in 2019 has finally ended in victory.
It all started when I came into the country in 2019 with the intention of investing in the economy but was accosted by the EFCC on trumped-up charges, which halted my life for over seven (7) years without any justification.”
Mompha said his legal team had continued to challenge the allegations and eventually secured a favourable outcome from the court.
He also praised the judge for what he described as a fair assessment of the case, while insisting that the allegations against him were baseless.
The businessman thanked his family, friends and legal representatives, including Gboyega Oyewole (SAN), Kolawole Salami and Ademola Adefolaju, for their support throughout the proceedings.
He further expressed hope that the ruling would allow him to regain his freedom and move on with his life.
Mompha’s legal troubles stem from money laundering allegations brought by the EFCC, which had accused him of involvement in financial crimes. He has consistently denied wrongdoing.
Although Mompha described the latest development as a complete victory, the precise legal effect of the ruling and whether it brings all related proceedings to an end should be distinguished from the broader claim that he has been fully cleared of every allegation.
The reported decision represents a significant development in his long-running dispute with the EFCC, but the court’s written ruling will be important in establishing its full scope and implications.
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