Friday, November 4

EFCC sources: Bala Mohammed squandered N1trillion

EFCC sources: Bala Mohammed squandered N1trillion

Bala Mohammed

– These are not the best of times for former minister of the Federal Capital Territory (FCT), Bala Mohammed

– Mohammed is currently detained by the Economic and Financial Crimes Commission (EFCC)

– Mohammed is being investigated for alleged financial crimes in excess of N1.6trillion

A report by Premium Times quoting EFCC sources allege that former FCT minister, Bala Mohammed, may have committed financial crimes in excess of N1.6trillion.

Mohammed, 58, a former senator representing Bauchi south senatorial district was the FCT minister from April 2010 till May 2015.

According to the report, Mohammed was allegedly involved in extensive land racketeering as a minister.

“After computation of the land deals that he struck, we discovered that more than N1.6 trillion could not be accounted for,” a source said.

EFCC sources: Bala Mohammed squandered N1trillion

Ex-President Jonathan's CABAL(Bala Mohammed in Beige)

Prices of lands in Abuja are amongst the highest in Africa. A 1,400 sqm piece of land could go for as high as N250 million.

Last week, a Facebook post by the EFCC suggested that Mohammed is already cooperating with officials of the EFCC and giving useful information.

The post read: “It is no longer news that the former minister of the FCT, Senator Bala Mohammed was arrested by the EFCC to explain his role in the alleged mismanagement of the resources of the FCT while he held sway.

“What is news however is that the former Minister is still giving very useful information regarding his role as the man in charge of the resources of the Federal Capital Territory in the last dispensation. We shall keep you posted.”

Mohammed was questioned over suspected multiple criminal breaches while he held sway as FCT Minister between 2011 and 2015.

His detention and interrogation followed series of petitions filed against him by individuals and group since 2013.

The anti-corruption war by the administration of President Muhammadu Buhari has seen dozens of his predecessor, Goodluck Jonathan’s aides and associates arrested for corruption.

Jonathan’s former spokesman, Reuben Abati, was arrested on Monday, October 24 and is being interrogated for supposedly receiving some money from former national security adviser, Sambo Dasuki.

A former minister of state for defence, Musiliu Obanikoro has been in EFCC custody for nearly two weeks after he surrendered himself voluntarily.

Also, Femi Fani-Kayode, a former Jonathan campaign spokesman, was rearrested on Friday, October 21 and is still detained by the agency.

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