BREAKING: Court discharges Babalakin over N4.7 billion fraud charge

Wale Babalakin
Wale Babalakin

A Lagos High Court sitting in Ikeja has discharged and acquitted Wale Babalakin, a Senior Advocate of Nigeria, over a N4.7 billion fraud suit instituted by the Economic and Financial Crimes Commission.

The EFCC had charged Mr. Babalakin, Alex Okoh, and their companies on a 27-count charge of fraud, conspiracy, and retention of proceeds of criminal conduct.

Delivering his ruling, Justice Lateef Lawal-Akapo said the EFCC failed to disclose enough information to sustain the allegations against the defendants.

“The amended information filed May 7, 2013, is incurably bad and ineffective,” the judge held.

Details later…

Support PREMIUM TIMES' journalism of integrity and credibility

 

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required

DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: New Discovery! Click Here To See A Miracle Device That Can Cure DIABETES, BLOOD PRESSURE, STROKE, ARTHRITIS, PAINS, OBESITY And 50 Other CHRONIC DISEASES Without Drugs Or Herbs.. Click Here Now To See It


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.