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

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…


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  • Allayes

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

    Hmmmmn ……..
    Nigeria we hail thee!

  • Observer

    “Nigeria is no longer a country. It is not a country where people
    can live to survive. Nigeria is a place ruled by criminals and thieves,
    as well as by those who believe in plundering and looting.”

    ……Mbazulike Amaechi

    (Nigeria’s First Minister of Aviation in 1960)

    September 14th, 2014

  • Agbako

    Dear All:

    Let’s toast the robed Justices of our courts – the men in black, on whom we
    entrust our judgement on right and wrong. For they shall get a place in history
    for inducing our country into anomie by erasing lines between right and wrong.

    Let’s toast our justices for proving society wrong as the be-all and know-all.
    They are the self-described lordships whose mix-up of lexis and structure in
    language expressions horrify a 9th grader. Judges who think from conclusion
    to the premiss, after a tip and a handshake.

    Let’s all rise and toast those self-described lordships for bequeathing to us
    a society so full of thieves – now signifying nothing. But pause awhile, fellows,
    check not their pockets for wads received earlier – but just toast the resolve
    of our judges to hand unto our children a country without rules.

  • Rommel

    This is the meaning of rule of law according to president Jonathan,discharging criminals through the courts

    • Philip Musa

      Babalakin (Bi-Courtney) is an OBJ ally. And I like your post by the way; highlighting the Yoruba ineptitude in everything. Imagine acquitting a criminal of such magnitude!

  • D.Bright

    Judges of the courts are killing Nigeria faster with sale of indulgences,
    for any type of crime, than treasury thieves with professional certificates
    un-related to stealing – but used as robbery masks – are doing to Nigeria.

  • Ibraheem Aruna

    Nigeria is a country of all negative possibilities. It is also where anything can happen and Nothing will happen.

  • smart G

    Yet they will say EFCC and Jonathan is not prosecuting criminals.
    The lawyers are busy making money and they keep blaming jonathan