Featured
Ex-Minister’s son Shamsudeen Bala gets bail
An FCT High Court on Friday granted a N100 million bail to Shamsudeen Bala Mohammed, son of former Federal Capital Territory Minister, Bala Mohammed.
Mohammed was charged to court by the Economic and Financial Crimes Commission, EFCC, on a 15-count charge of money laundering to the tune of N1.1 billion.
The EFCC alleged that Mohammed spent N1.1 billion on properties without going through financial institutions, stating that the act contravenes the Money Laundering Prohibition Act.
The judge, Nnamdi Dimgba, who had earlier ordered that the defendant be remanded in Kuje Prison on Wednesday, admitted him to a N50 million bail with two sureties in like sum amongst other conditions.
Justice Dimgba adjourned the case till 27 and 28 March for trial.
-
Latest6 days agoIsrael marks 3 years since October 7 Hamas attack amid Gaza strikes, election debate
-
Energy5 days agoFuel Battle: Dangote, marketers and government clash over petrol imports
-
Energy7 days agoPetrol, diesel prices rise 86% in 2026 as costs hit fresh highs
-
Energy1 week agoHas Iran lost control of the Strait of Hormuz? Oil flows rebound as war disruptions persist
-
Football6 days agoNigeria’s World Cup exit under spotlight as FIFA’s DR Congo files emerge
-
Latest6 days agoUS Court set to rule on release of FBI, DEA records on Tinubu
-
Business6 days agoNigerian investors at a crossroads as fixed-income yields slide
-
Business1 week agoLoveWorld Trade and Investment Forum to Convene Business Leaders in Accra