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Court Admits Former FCT Minister, Bala Mohammed to N500m Bail

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  • Court Admits Former FCT Minister, Bala Mohammed to N500m Bail

A High Court of the Federal Capital Territory (FCT) sitting in Gudu district, Abuja on Friday admitted former Minister of the FCT, Senator Bala Mohammed to bail in the sum of N500m and two sureties in like sum.

Justice Abubakar Talba in granting him bail said one of the two sureties must be a senator, while the other, a Federal Director.

In addition, all the sureties must have landed property in the Federal Capital Territory with a Certificate of Occupancy as well as evidence of payment of tax in the last three years.

The judge also ordered that the applicant deposits his international passport with the registrar of the court.

Justice Talba who granted the bail application in his ruling asked both the prosecution and defence counsel to agree on the bail conditions.

This, the judge explained, was to strike a balance in the light of their different positions.

Justice Talba said; ‘It is trite that no matter the gravity of the offences, an accused person is assumed innocence until proven guilty under our laws. Bail is a constitutional right and the purpose is not to set an accused person free but to grant him liberty to enable him attend trial.

“Although the prosecution has urged the court to consider the gravity of the offence as well as issues raised in the counter affidavit. It is my view that such issues will be considered in the hearing of the substantive matter. I am satisfied that the applicant has placed sufficient materials to warrant court to exercise its discretion in his favour.

“Accordingly, his application is hereby granted. However, the terms of conditions for his bail should be negotiated between the prosecution and defence.

This is in order to strike a balance of the case because the prosecution had argued that if the court is mindful to grant bail, it should come with some stringent conditions while on the other hand, the defence counsel urged that the bail should be on self- recognition.”

After stating this, the court stood down for 30 minutes to allow the prosecution and defence counsel to agree on workable bail terms.

Justice Talba on resumption, adopted the bail conditions agreed upon by counsel as the ruling of the court.

He further adjourned trial to July 4, 2017. Bala Mohammed was arraigned on a six- count charge by the Federal government on allegations of receiving gratification when he was minister of the FCT.

He pleaded not guilty to the charges and his lawyer accordingly applied for his bail.

The court however, remanded him in prison custody pending the ruling on his bail application yesterday.

The former Minister who pleaded not guilty to all the charges described his trial as politically motivated.

In moving the bail application, Bala’s counsel, Chief Chris Uche SAN, urged the court to release his client on bail pending his trial.

The bail application was brought under section 35(1) & (4) and 36 (5) and (6) of the 1999 constitution and section 158, 162, 163 & 165 of the Administration of Criminal Justice Act 2015.

Uche, submitted that the alleged offences are bailable, adding that his client had earlier been arrested, detained and investigated by the EFCC in connection with the account of his tenure as minister of the FCT, in respect of unsubstantiated allegations of conspiracy, abuse of office and money laundering, and had been in its custody between October 24, 2016 and December 9, 2016.

He further told the court that a High Court of the FCT had in November 29, 2016 released the former Minister on bail and he was subsequently arraigned before this same court on five count charge, which was later withdrawn by the EFCC.

The defence counsel further submitted that his client had a good defence to the charge as he did not commit any offences charged or whatsoever, and he was prepared to stand trial and offer his defences to the allegations, which he strongly believe were politically motivated.

He disclosed that the former minister had a health condition with a long history of lung collapse and disorder and his health situation deteriorated while in custody of the EFCC.

He averred in his supporting affidavit that any further detention pending trial would worsen the already deteriorated health condition of Bala who is currently under observation of a United Kingdom Hospital.

In opposing the bail, the prosecution counsel, Ikani urged the court to refuse the bail application on the grounds that some of the paragraphs offend the provisions of section 115(1)(2) of the Evidence Act.

He further argued that if granted bail, the defendant may not be available to stand trial since some of the offences attract a prison term of five years.

Ikani further urged the court to refuse the application in view of the prevailing circumstances in the country.

In the alternative, he urged to court to attached stringent conditions to his bail.

In the six count charge filed by Aso Larry Peters, the defendant was alleged to have in 2014 did accept gratification of a house worth N550 million only situate at No 2599 and 2600 Cadastral zone AO4 Asokoro District, Abuja from Aso Savings and Loans Bank Plc as reward for performing his official duties and thereby committed an offence contrary to Section 18(b) of the Independent Corrupt Practices and Other Related Offences Act 2000 and punishable under the section 18(d) of the same act.

In count two, the defendant was alleged to have on October 24, 2016 in the course of filling his Assets Declaration Form at EFCC did knowingly fail to make full disclosure of his property No. 54, Mike Akhigbe Street, Jabi and thereby committed an offence contrary to Section 27(3)(a) of the EFCC Act 2004 and punishable under section 27(3)(c) of the same act.

In count three, Mohammed was alleged to have on October 24, 2016 in the course of filling his Assets Declaration Form at the EFCC office make a false declaration of his property known and situate at Agwan Sarki, Kaduna, Kaduna State as underdeveloped plot of land whereas it is a fully built house and thereby committed an offence contrary to section 27(3)(b) of the EFCC Act, 2004 and punishable under Section 27(3)(c) of the same Act.

In addition, in count four, Mohammed was alleged to have on October 24, 2016 in the course of filling his Assets Declaration Form before the EFCC did knowingly make a false declaration that a house known and situate at CITEC KWARA 5, A9 Street Mbora, Abuja FCT belonging to Abubakar Abdu Mohammed as his own asset and thereby committed an offence contrary to Section 27(3)(b) of the EFCC Act 2004 and punishable under Section 27(3)(c) of the same Act.

In count five, Mohammed was alleged to have on October 24, 2016 made a false statement to Detective Ishaya Dauda investigating officer with Economic Governance section of the EFCC Abuja to wit: that you acquired house situate at No. 2599 and 2600 Cadastral Zone AO4 Asokoro District, Abuja through mortgage facility from Aso Savings and Loan Bank, Plc and thereby committed an offence contrary to Section 39(2)(a) of the EFCC Act 2004 and punishable under Section 39(2)(b) of the same Act.

In count six, Mohammed was alleged to have while being the minister of the FCT and Chairman, Board of Directors of Aso Savings and Loans Bank, plc use his office and position to confer corrupt and undue advantage upon his Associates by allocating four numbers fully detached duplexes and 11 numbers semi-detached duplexes valued at N314 million only through the Presidential Task force on sale of Government Houses to them and thereby committed an offence punishable under Section 19 of the Independent Corrupt Practices and Other Related Offences Commission Act 2000.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Lagos Eyes Investment Surge as Sanwo-Olu Unveils Growth Strategy

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Governor Babajide Sanwo-Olu of Lagos State is spearheading a bold push to attract significant investment inflow to boost the state’s economic growth.

During a Pre-Summit Investor Roundtable at the Africa Social Impact Summit (ASIS 3.0), held at Eko Hotels and Suites, the governor outlined strategic opportunities for investors.

With the theme “Invest Lagos – Investment Opportunities,” the summit was organized by the Sterling One Foundation in collaboration with the Ministry of Commerce, Cooperatives, Trade, and Investment.

Attended by business leaders, chambers of commerce, and industry captains, the event underscored Lagos’ potential as a hub for economic activity.

Sanwo-Olu highlighted Lagos’ positive economic outlook, citing an expanding population and sustainable infrastructure as key growth drivers.

Despite challenging business environments, the state’s economy has shown resilience, welcoming new investments while sustaining existing ones.

The governor emphasized reforms aimed at improving the ease of doing business. He mentioned that digitizing services had reduced bureaucratic hurdles, fostering a stable business climate.

Sanwo-Olu assured potential investors of the state’s commitment to creating a supportive environment that ensures returns and security for investments.

“In the last five years, Lagos’ GDP has grown by 50 percent,” Sanwo-Olu stated. “We aim to sustain this growth and ensure the gains of the past years are not reversed.”

Sanwo-Olu identified sectors ripe for investment, including transportation, tourism, health insurance, and waterways. He expressed the government’s dedication to advancing development plans in these areas.

Commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs. Folashade Ambrose-Medebem, highlighted Lagos’ economic strides, noting that the state’s GDP had increased from N27 trillion to N41 trillion in five years.

She detailed strategic investments, particularly the allocation of N550.7 billion for infrastructure in 2024, and the commitment of N44.33 billion to food security initiatives.

Sterling Bank’s Managing Director, Mr. Abubakar Suleiman, pointed out that economic growth in Africa is often hindered by an unstable investment climate.

The summit aimed to build investor confidence by fostering trust and transparency in business environments.

“Lagos remains a leading destination for investors,” Suleiman noted. “The state provides clarity and access to markets, maintaining consistency in its investment strategies.”

Sanwo-Olu’s administration continues to focus on diversifying Lagos’ economy through strategic investments in various sectors.

The state’s proactive approach has positioned it as a global city and an emerging African financial center.

The governor’s initiative is expected to further solidify Lagos’ reputation as a prime investment destination, paving the way for sustained economic growth and development.

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Vice-President Harris Gathers Momentum as Democratic Nominee

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Vice-President Kamala Harris has secured the support needed to become the Democratic nominee for president.

This was after President Joe Biden announced he would not seek re-election, endorsing Harris as his successor.

According to CBS News, Harris has received endorsements from over 1,976 delegates, surpassing the threshold needed to clinch the nomination in the first round of voting at the Democratic National Convention (DNC) scheduled for August.

Delegations from at least 27 states have expressed full support, showcasing a strong backing across the nation.

In her address to campaign staff in Wilmington, Delaware, Harris expressed gratitude for the widespread support, adding that she committed to uniting the party and the country.

“We have 106 days until Election Day, and in that time, we have some hard work to do,” she stated.

Harris laid out her vision for America, contrasting it with that of her likely opponent, Donald Trump.

Speaking on the direction of the campaign thus far, she said “Our campaign has always been about two different versions of what we see as the future of our country. One focuses on the future, the other focuses on the past.”

She acknowledged the accomplishments of the Biden administration, highlighting her pride in serving as vice-president.

“My time serving as vice-president was one of the greatest honors of my life,” Harris said, underscoring her dedication to continuing the work they started.

In a phone call to his campaign team, Biden praised Harris, urging his supporters to rally behind her. “I’m hoping you’ll give every bit of your heart and soul that you gave to me to Kamala,” he said.

Despite stepping back from the race, Biden vowed to remain actively involved in supporting Harris and emphasized the importance of defeating Trump, calling him “a danger to this nation.”

Harris’s nomination marks a significant milestone, but challenges remain. The campaign will focus on addressing key issues such as healthcare, climate change, and economic inequality.

With millions of dollars pouring into her campaign since Biden’s announcement, Harris aims to capitalize on the momentum and build a coalition that appeals to a broad spectrum of voters.

As the DNC approaches, Harris is expected to formally accept the nomination, solidifying her position as the Democratic leader.

The coming months will be crucial as she works to unite the party and reach out to undecided voters. With her historic nomination, Harris stands poised to make a lasting impact on the future of American politics.

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President Declines Nomination, Endorses Harris for 2024

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In a significant political announcement on his X.com account, President Joe Biden has decided to forgo the opportunity to seek re-election in 2024, instead throwing his full support behind Vice President Kamala Harris.

The surprise move, shared with the public this morning, represents a pivotal moment in the Democratic Party’s journey toward the upcoming presidential election.

In his statement, Biden said that his choice to step aside is driven by a desire to concentrate on his remaining duties as President.

He expressed gratitude for the opportunity to serve alongside Harris, calling her selection as his Vice President in 2020 “the best decision” he has made. “My fellow Democrats,” Biden began, “I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term.”

The President’s announcement signifies a strategic shift in the 2024 election landscape. By endorsing Kamala Harris, Biden not only aims to consolidate support within the party but also to set the stage for a unified front against former President Donald Trump.

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden declared. “Democrats — it’s time to come together and beat Trump. Let’s do this.”

This endorsement comes as a surprise to many, given Biden’s earlier commitment to seeking re-election.

However, it reflects a broader strategic maneuver to ensure party unity and strengthen the Democratic position in the face of a formidable opponent. By focusing on Harris, Biden aims to leverage her growing popularity and political acumen to fortify the party’s chances in the upcoming election.

Kamala Harris, who has served as Vice President since January 2021, will now be thrust into the spotlight as the presumptive Democratic nominee.

Her campaign is expected to build on the legacy of the current administration while addressing key issues facing the nation.

The move also raises the stakes for the Republicans, who will need to prepare for a robust campaign from a seasoned political leader in Harris.

As the 2024 election cycle ramps up, Biden’s endorsement is likely to reshape the dynamics of the race, influencing both Democratic strategies and Republican responses.

The coming months will be critical as Harris and her team work to solidify their platform and rally support from voters across the nation.

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