The Economic and Financial Crimes Commission, EFCC, will on February 1,
2017 arraign Shamsudeen Bala, son of a former Minister of the Federal
Capital Territory, Senator Bala Mohammed, before Justice N. Dimgba of a
Federal High Court, Abuja, for a N1.2 billion fraud.
Bala, who is being charged along with four companies – Bird Trust Agro
Allied Limited, Intertrans Global Logistic Ltd, Diakin
Telecommunications Ltd and Bal-Vac Mining Nigeria Ltd, is facing a
15-count charge bordering on money laundering offence.
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”.
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