Mompha has been charged by the Economic and Financial Crimes Commission (EFCC) on 14 counts bordering on fraud, money laundering and operation of a foreign exchange business without the authorisation of the Central Bank of Nigeria.
He was arraigned alongside a firm, Ismalob Global Investment Ltd.
In the charge, the prosecution alleged that Mompha laundered N32.9
billion through Ismalob Global Investment Ltd. from 2015 to 2018.
The prosecution has since opened its case and had led several witnesses in evidence.