A Federal High Court in Abuja has granted bail in the
sum of N100m to Shamsudeen Bala Mohammed, a son
of a former Minister of the Federal Capital Territory, Mr.
Bala Mohammed Bala.
The defendant who was on Wednesday remanded in
Kuje Prison after he was arraigned on 15 counts of
N1.1bn money laundering offences, is to, among other
bail conditions, provide two sureties to enter into N50m
bail bond each.
Justice Nnamdi Dimgba ruled on Friday that the
defendant, who was produced in court handcuffed by
prison officials on Friday, should remain in custody
pending when he would meet the bail conditions.
Shamsudeen is being prosecuted by the Economic and
Financial Crimes Commission for allegedly paying
millions of naira on different occasions totalling about
N1.1bn for the purchase of houses without going
through financial institutions.
The act was said to be in breach of Money Laundering
(Prohibition) Act. Justice Dimgba on Friday ordered an
accelerated hearing in the case and fixed March 27 and
28 for commencement of trial.
See more photos of the accused in court:
