The Federal High Court sitting in Lagos has reserved judgment in the ongoing money laundering trial involving socialite and businessman, , shifting the final ruling to October 15.
Mompha, who is facing allegations bordering on an alleged N6 billion money laundering scheme, has been in and out of court since the commencement of the case brought against him by the Economic and Financial Crimes Commission (EFCC).
During the latest proceedings, counsel to both the prosecution and defence presented their final arguments, urging the court to either uphold or dismiss the charges based on the evidence tendered before it over the course of the trial.
After listening to submissions from both sides, the presiding judge announced that judgment would not be delivered immediately, stating that the court would need time to carefully review the arguments and documents submitted.
The case, which has drawn significant public attention due to the scale of the alleged funds involved and Mompha’s public profile, is expected to reach a critical conclusion when the court reconvenes on October 15 for judgment.
Further developments will be closely watched as stakeholders await the final decision of the court in one of Nigeria’s more widely followed financial crime trials.