In
yet another revelation, the Economic and Financial Crimes Commission
(EFCC), has disclosed how the son of a former Minister of the Federal
Capital Territory (FCT), paid about N1billion cash for plots of land and
houses.
Ex-FCT minister, Baba Mohammed
Shamsudeen Bala, the son of a former Minister of the Federal
Capital Territory (FCT), paid about N1billion cash for plots of land and
houses, according to the Economic and Financial Crimes Commission
(EFCC).
The suspect will be arraigned in court today alongside four others—
Bird Trust Agro Allied Ltd, Intertrans Global Logistics Ltd, Diakin
Telecommunications Ltd and Bal-Vac Mining Ltd.
All the suspects are to face a 15-count charge at the Federal High Court, Abuja.
According to the EFCC, the son of the former minister, Bala
Mohammed, paid 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 purchases include five plots at Asokoro Gardens; House FS 2 B,
Green Acre Estate Apo-Dutse, Abuja; House FS 1A, Green Acre Estate,
Apo-Dutse; FS 1B, Green Acre Estate, Apo-Dutse, Abuja and House 2A, No.
7, Gana Street, Maitama, Abuja.
The anti-graft agency is accusing Shamsudeen of money laundering
for allegedly making cash payment for choice houses in excess of the
statutory limit without going through a financial institution.
Three of the duplexes traced to Shamsudeen have been seized in line
with sections 28 and 34 of the EFCC (Establishment Act) 2004 and
Section 13(1) of the Federal High Court Act, 2004, which empower the
anti-graft agency to invoke Interim Assets Forfeiture Clause.
Section 28 of the EFCC Act reads: ‘Where a person is arrested for
an offence under this Act, the Commission shall immediately trace and
attach all the assets and properties of the person acquired as a result
of such economic or financial crime and shall thereafter cause to be
obtained an interim attachment order from the Court.’
The EFCC gave details of how the plots of land and mansions were bought in the 15 charges against Shamsudeen and four others.
The charges read: “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 are said to have paid:
•N80million 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;
•N100million 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;
•N110,000,000.00 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
•N200million cash to Faruk Saleh at Abuja for House 2A, No. 7 Gana Street, Maitama Abuja;
Shamsudeen Bala(alias Shamsuden Mohammed Bala) is accused of
failing on June 2016 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.
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