Skip to main content

N1.2bn fraud: Court grants son of former FCT Minister, Bala Mohammed, N100m bail

Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja has granted Shamsudeen Bala, son of a former Minister of the Federal Capital Territory, Senator Bala Mohammed N100 million bail and has ordered that he be remanded in Kuje prison pending the perfection of his bail terms which includes two sureties in the sum of N50million each.


Bala is being prosecuted on a 15-count charge of money laundering to the tune of N1.2 billion by the Economic and Financial Crimes Commission, EFCC.

According to the presiding judge, the sureties must either be private businessmen or public servants not below the rank of assistant director. The sureties must have landed properties in Abuja or within Lagos metropolis excluding satellite towns.

The defendant must produce three years tax clearance and must not travel without the consent of the court.

The defendant must also comply with Section 15 of the ACJA, 2015 or depose to an affidavit in case of delay by the EFCC.

Comments

Popular posts from this blog

On the spot admission to top UK Universities for January 2016 intake

Do you wish to obtain an international certificate in a reputable & highly rated institution in the UK? Here is an invitation to a free education seminar for Secondary School Leavers and Graduate. Take advantage of this opportunity to meet with our reputable Admission Counselors for a one-on-one session to discuss your study options and get on-the-spot admission offer at a discounted rate.

Check out for Yourself Who Will Win The Ultimate Prize That VoguePay Is Giving Away (N10million value for grabs)

Firstly, this is not a typical competition. VoguePay is so sure that its customers like the product so much that they are probably going to give away N10million worth of prizes to them. What Is The Competition About? VoguePay announced that it will reward every one of its passionate customer who records a 30 seconds Video Testimonial about their VoguePay experience

Paparazzi chasing Malia Obama up-and-down in New York (photos)

Guess she can't understand why they won't leave her alone since her dad is no longer president. Former First Daughter Malia is being chased around in NYC by paparazzi, since she arrived the city two weeks ago for her internship with The Weinstein Company. Looks like she'd rather be left alone.