Wednesday 16th August, 2017
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EFCC docks Bala Mohammed's son for N1.2bn fraud

EFCC docks Bala Mohammed's son for N1.2bn fraud

The Economic and Finan­cial Crimes Commission (EFCC) on Wednesdayar­raigned Shamsudeen Bala, son of the former Minister of the Feder­al Capital Territory, Senator Bala Mohammed, before Justice Nnam­di Dimgba of the Federal High Court, Abuja, on a 15-count charge of money laundering to the tune of N1.2 billion.
The younger Bala is charged along with four companies - Bird Trust Agro Allied Limited, Inter­trans Global Logistic Limited, Diak­in Telecommunications Limited and Bal-Vac Mining Nigeria Limited.
Bala and Diakin Telecommu­nications Limited allegedly made cash payment of N74.244 million to Abuja Investment Company Limit­ed without going through a financial institution. The offence is in breach of Section 1 of the Money Laun­dering (Prohibition) Act, 2011 (as amended in 2012), the EFRCC said.
The accused pleaded not guilty to the charges when they were read to him.
Upon his plea, the counsel to the EFCC, Ben S. Ikani, asked the court to fix a date for trial and for the remand of the accused in pris­on custody pending trial.
However, Bala’s counsel, Chris Uche (SAN) told the court that he had a pending application dated and filed January 27, 2017 praying for the release of the accused on bail. He said that aside the health chal­lenges faced by the accused, the EFCC had earlier granted him ad­ministrative bail which he had not breached. He urged the court to ad­mit him to bail on same conditions set by the EFCC assuring that, the accused would be available to stand his trial.
Justice Dimgba adjourned rul­ing on the bail application to Feb­ruary 3 while fixing March 27 for commencement of trial.

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