N1.2bn Fraud: Bala Mohammed’s Son Sent to Kuje Prison

Shamsudeen Bala, son to the former FCT Minister has been remanded in Kuje prison
A Federal High Court, Abuja, gave the order Wednesday after the Economic and Financial Crimes Commission (EFCC) arraigned him before Justice Nnamdi Dimgba over N1.2bn laundering charge.
He is to remain in prison till February 3 when the court will rule on the bail application brought by his counsel, Chris Uche.
The prosecution counsel, Ben Ikani, opposed the bail application, saying the defendant may not be trusted.
He said the defendant refused to submit his international passport to the EFCC, which portrays him as a flight risk.
However, after listening to both counsels, Justice Dimgba fixed ruling on the application of February 3, while adjourning till March 26 for trial.
The EFCC accused Shamsudeen of paying cash for five plots of land and four properties in highbrow areas of Abuja to avoid any suspicion by banks and other monitoring agencies.
The EFCC said in the charge sheet charge: “That you Shamsudeen Bala (alias Shamsudeen Mohammed Bala), Bird Trust Agro Allied Ltd, Intertrans Global Logistics Ltd, Diakin Telecommunications Ltd and Bal- Vac Mining Ltd sometime in 2015 in Abuja conspired amongst yourselves to make cash payment exceeding the statutory limit without going through a financial institution and thereby committed an offence contrary to Section 18(a), of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012 and punishable under Section 15(3) and (4) of the same Act.”
Shamsudeen and the others were said to have also paid: “N80 million cash to Sunrise Estate Development Ltd for the purchase of plot nos. 2116 and 2276 at Asokoro Gardens (alias Sunrise Estate) Abuja which sum exceeded the statutory limit and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 16(2)(b) and (4) of the same Act;
“N100 million cash to Sunrise Estate Development Ltd for the purchase of plot nos. 2116 and 2276 at Asokoro Gardens (alias Sunrise Estate) Abuja which sum exceeded the statutory limit and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act, 2011 as (amended by Act No. 1 of 2012) and punishable under Section 16(2)(b) and (4) of the same Act;
“110,000,000.00 cash to A & K Construction Ltd, Abuja and Sunrise Estate Development Ltd for the purchase of plot nos. 2116 and 2276 at Asokoro Gardens, which sum exceeded the statutory limit and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act, 2011 as (amended by Act No. 1 of 2012) and punishable under Section 16(2)(b) and (4) of the same Act;
“N200,000,000.00 cash to A & K Construction Ltd Abuja and Sunrise Estate Development Ltd for the purchase of plot nos. 2116 and 2276 at Asokoro Gardens, which sum exceeded the statutory limit and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act, 2011 as amended by Act No. 1 of 2012 and punishable under Section 16(2)(b) and (4) of the same Act.
“N296,000,000.00 cash to A & K Construction Ltd Abuja for the construction of a house on plot nos. 2116 and 2276 at Asokoro Gardens (alias Sunrise Estate), Abuja which sum exceeded the statutory limit and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012) and punishable under Section 16(2)(b) and (4) of the same Act;
“N45,475,000.00 only to Abuja Investment Company Ltd as part payment for the purchase of House FS 2 B Green Acre Estate Apo- Dutse Abuja;
“N74,244,005.00 cash to Abuja Investment Company Ltd as part payment for purchase of House FS 1A Green Acre Estate Apo-Dutse Abuja;
“N74,244,005.00 only to Abuja Investment Company Limited as part payment for purchase of FS 1B Green Acre Estate Apo-Dutse, Abuja; and paid
“N200 million cash to Faruk Saleh at Abuja for House 2A, No. 7 Gana Street, Maitama Abuja.”
Shamsudeen is also accused of failing to make full declaration of his assets, “to wit: your accounts domiciled at Standard Chartered Bank Plc when he completed the EFCC Asset Declaration Form A, contrary Section 27(1) of the EFCC (Establishment) Act 2004 and punishable under Section 27(3) of the same Act‎.”

Author: News Editor

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