Court Grants ex-FCT Minister’s Son N100m Bail

Related stories

Ganduje: Why are they resigning?

By Bola Bolawole turnpot@gmail.com 0807 552 5533 (Published in my TREASURES...

OPEC Reports a Global Oil Production Decline in 2024

Global crude oil production declined by 1% last year,...

IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown

By Abiola Olawale The International Monetary Fund (IMF) has issued...

2027: Peter Obi Vows, Says ADC Coalition ‘ll prioritize Nigerians’ Welfare

By Abiola Olawale The 2023 Presidential candidate of the Labour...

Tragedy! Liverpool Star Diogo Jota Dies in Car Crash in Spain

He was 28 years old By Abiola Olawale In a...
A Federal High Court in Abuja on Friday 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.

Punch
Punch
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Ganduje: Why are they resigning?OPEC Reports a Global Oil Production Decline in 2024IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown2027: Peter Obi Vows, Says ADC Coalition 'll prioritize Nigerians’ WelfareTragedy! Liverpool Star Diogo Jota Dies in Car Crash in SpainFamily Announces Burial Date of Ex-Kwara Governor, Cornelius AdebayoSex Scandal: Baltasar Engonga, Ex-Equatorial Guinea Anti-Corruption Boss Bags 18 YearsFormer AGF Abubakar Malami Dumps APC, Joins ADCIt’s Another Big Brother Season Of DistractionsYou must marry me and my children, By Funke Egbemode[VIDEO] Drama as Burglar is Caught in Overnight Heist at FCMB Branch in Imo2027: Why Peter Obi Proposed a Single-Tenure to Atiku, David Mark, Others -Obidient Movt RevealsOkpebholo vs Asue Ighodalo: Anxieties as Supreme Court Reserves Judgment on Edo Governorship Election Case2027 Election Battle Rages as Gen David Mark Quits PDP, Leads Coalition Against TinubuOil Markets Refocus on OPEC as Iran-Israel Conflict Cools
X whatsapp