Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja on Friday, February 3, 2017 granted Shamsudeen Bala, son of a former minister of the Federal Capital Territory, Senator Bala Mohammed, bail in the sum of N100million with two sureties who must be private businessmen or public servants of the rank of assistant director and above. 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. However, the defendant is to remain in Kuje prison pending the perfection of his bail terms.
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.
The accused was docked on Wednesday February 1, 2017, 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 are accused of making cash payment of the sum of N74, 244,005 (seventy-four million, two hundred and forty-four thousand, five naira) to Abuja Investment Company Ltd 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).
On arraignment, he pleaded not guilty to the charge. The trial is to commence on March 27, 2017.