Shamsudeen Bala, the son of former Minister of the Federal Capital Territory, Senator Bala Mohammed, will be arraigned on February 1, 2017 (today) over an alleged N1.2 billion fraud.
Bala’s son is currently charged to court by the Economic and Financial Crimes Commission (EFCC) before Justice N. Dimgba of a Federal High Court, Abuja.In a statement by EFCC spokesman, Wilson Uwujaren, Bala is facing a 15-count charge bordering on money laundering offence alongside four companies – Bird Trust Agro Allied Limited, Intertrans Global Logistic Ltd,
In a statement by EFCC spokesman, Wilson Uwujaren, Bala is facing a 15-count charge bordering on money laundering offence alongside four companies – Bird Trust Agro Allied Limited, Intertrans Global Logistic Ltd, Diakin Telecommunications Ltd and Bal-Vac Mining Nigeria Ltd.
He said one of the counts reads: “That you Shamsudeen Bala (alias Shamsudeen Mohammed Bala), Bird Trust Agro Allied Ltd and Intertrans Global Logistics Ltd sometime in 2015 in Abuja within the jurisdiction of this Honourable Court did without going through a Financial Institution make cash payment of the sum of N296,000,000 (Two hundred and ninety six million naira) only to A & K Constructions Ltd Abuja and Sunrise Estate Development Ltd for 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 in 2012 and punishable under Section 16(2)(b) and (4) of the same Act”.