As we learnt, Justice Nnamdi Dimgba of the Federal High Court, Maitama Abuja, on Friday granted bail in the sum of N100M to Shamsudeen Bala, son of former FCT Minister, Bala Mohammed, who is one of five defendants arraigned on Feb. 1 by the Economic and Financial Crimes Commission (EFCC), on a 15-count charge, bordering on money laundering to the tune of N1.1 billion.
It was reported that he pleaded not guilty to the charges.
His bail conditions includes an order to produce two sureties in the sum of N50 million each and to leave his international passport with the court and that Mr. Bala must not travel without the permission of the court.
It was also reported that the judge further ordered that the defendant should remain in prison custody until he perfects his bail conditions.
The prosecutor, Larry Aso, who had opposed the bail application, told the court that the defendant’so refusal to provide the EFCC with his bio data and finger printo is indicative of the fact that his character was not to be trusted as he was likely to frustrate the trial and jump bail if granted.
The judge in his ruling stated that the prosecution had failed to prove that the defendant was a flight risk.
“A sufficient case has not been made by the prosecution to show that the defendant will jump bail or commit another offence if released on bail.”
The judge adjourned the matter till March 27 and 28 for hearing.
Written by Okolo Ezinne