N1.1 billion fraud: Court grants ex-FCT Minister’s son, Shamsudeen Bala N100m bail

A Federal High Court setting in Abuja on Friday, granted N100million bail to son of a former Minister of the Federal Capital Territory (FCT), Shamsudeen Bala Mohammed, who is facing money laundering charge

Trial Justice Nnamdi Dimgba had on Wednesday remanded Shamsudeen in Kuje Prison after he pleaded not guilty to a 15-count criminal charge the Economic and Financial Crimes Commission, EFCC, preferred against him.

However, the defendant, through his lawyer, Chief Chris Uche, SAN, begged the court to release him on bail pending the hearing and determination of the case against him.

The application was vehemently opposed by EFCC lawyer, Mr. Ben Ikani, who alleged plot by the defendant to escape from the country once out of detention.

The prosecution told the court that the ex-Minister’s son blatantly refused to surrender his international passport to the EFCC.

EFCC alleged that the ex-Minister’s son paid millions of naira on different occasions totaling about N1.1bn for the purchase of houses without going through financial institutions.

According to the anti-graft agency, the act contravenes the Money Laundering (Prohibition) Act.

During today’s hearing of the matter, the trial judge, Justice Nnamdi Dimgba among other bail conditions, ordered Shamsudeen to provide two sureties to enter into N50m bail bond each.

The trial judge, while fixing March 27 and 28 for commencement of trial, ordered an accelerated hearing in the matter

 

Shamsudeen Bala: Shamsudeen Bala: Shamsudeen Bala

 

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>