Shamsudeen Bala Mohammed will be spending some time behind bars pending on when his bail terms will be met.
Shamsudeen Bala Mohammed
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:
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