The Economic and Financial Crimes Commission, EFCC has on Tuesday, arraigned Mompha’ associate, Sarumi Babafemi, before a Special Offences Court over alleged N206 million fraud.
Babafemi is an associate of social media celebrity, Ismail Mustapha (Mompha). He was charged alongside his companies including 606 Autos Ltd, 606 Music Ltd and Splash Off Entertainment Ltd.
The duo were charged before the Special Offences court sitting in Ikeja on a five count charge including conspiracy, concealment and transfer of proceeds of crime to the tune of N206 million.
EFCC alleged that been the Managing Director of the companies, Babafemi conspired with Mompha, Ridwan Allison and Richard Ugbah to launder money.
The anti-graft agency claimed that the defendant had used his companies to conceal the origin of funds, transferred the sum of N37.6 million to one Omojadesola Allison, which is proceed of crime.
The prosecutor, Ayanfe Ogunsina during defense said that the offences contravenes sections 332(1) and 323(2) of the Criminal Law of Lagos State, 2011.
He pleaded with the court to fix a date for the trial of the case and for the defendant to be remande at the correctional centre.
Objecting defence counsel, Kunle Adegoke (SAN), informed the court that he was only furnished with notice of the charge the previous day, coupled with the fact that he had worked overnight to prepare an application for bail.
He prayed the court to release the defendant on bail and pledged to produce him on the next trial date.
Justice Rahman Oshodi, consequently, granted the bail application after his Lawyer filed an affidavit of undertaking to produce him in court on the next adjourned date. The case was adjourned until March 24.