Son of the former minister of the FCT, Senator Bala Mohammed, Shamsudeen Bala Mohammed, has been arraigned for money laundering before Justice Nnamdi Dimgba of the Federal High court Abuja on a 15-count charge to the tune of two point 1 billion naira.
He pleaded not guilty to the charges and was subsequently remanded at Kuje prison till Friday, 3rd February, pending ruling on the bail application.
EFCC had charged Shamsudeen alongside four other companies, namely: Bird Trust Argo Limited, Intertrans Global Logistics Limited, Diakin Telecommunications Limited and Bal-Vac Mining Nigeria Limited.
The anti-graft agency alleged that Shamsudeen carried out business transactions worth billions of naira in violation of Money Laundering Act, adding that he paid various cash sums of money beyond the limit set by the Money Laundering Act for purchase of houses without going through a financial institution.
EFCC also accused the defendant of failing to declare his assets when he completed the EFCC Asset Declaration Form A.
Related posts:
Court remands ex-FCT minister Mohammed in Kuje prisons
Court remands seven Boko Haram leaders in Kuje Prison
Money laundering: Court remands former NNPC GMD Yakubu in Kuje Prison
Court orders Ndume’s remand in Kuje prison over Maina
Court remands Sowore, four others in Kuje Prison
BREAKING: Court remands Osinachi’s husband in Kuje Prison
Court grants bail to ex-FCT minister Bala Mohammed’s son
Alleged fraud: Court orders remand of fmr AGF Ahmed Idris in Kuje facility
