Court grants ex-FCT minister N500M bail
Presiding judge, Justice Abubakar Talba, on Friday, May 12, granted Mohammed bail in the sum of N500m with two sureties in like sum.
Senator Bala Mohammed
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Presiding judge, Justice Abubakar Talba, on Friday, May 12, granted Mohammed bail in the sum of N500m with two sureties in like sum.
The judge said further that one of the sureties must be a Senator, while the other must be a director in the Federal Civil Service.
Both sureties must have landed property in the FCT and show evidence of tax payment in the last three years.
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Mohammed has been charged with six counts of fraud by the Economic and Financial Crimes Commission (EFCC).
He was remanded at the Kuje Prison on Wednesday, May 10, by Justice Talba pending the bail application.
He is alleged to have laundered the sum of N550 million, while in office as minister.
ALSO READ: Ex-FCT minister sues EFCC for N100m
Bala's son, Shamsudeen is also facing corruption charges after the EFCC accused him of laundering N1.2 billion.
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The younger Bala is facing a 15-count charge alongside four companies – Bird Trust Agro Allied Limited, Intertrans Global Logistic Ltd, Diakin Telecommunications Ltd and Bal-Vac Mining Nigeria Ltd.
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