Politics

N4.7bn alleged fraud: Court frees Babalakin, others

Reprieve came the way of the chairman of Bi-Courtney Limited , Dr Wale Babalakin  and four others Monday  when an Ikeja High Court presided over by Justice Lateef Lawal-Akapo discharged them over alleged N4.7b fraud preferred against them by the Economic and Financial Crimes Commission (EFCC).

In his ruling, the presiding judge, Justice Lawal Akapo, formulated four issues raised by the defendants which he used to determine his ruling.

EFCC accused the defendants of aiding the former Delta State governor, James Ibori to siphon public fund belonging to Delta State.

The four issues raised by the defendants are: “Whether the EFCC can prosecute a defendant without fait, whether James Ibori is a public officer, whether two prosecuting authorities can jointly sign a charge and whether the charge on the surface contains sufficient information.”

Justice Akapo, however, resolved three of the issues in favour of the defendants and only upheld that the EFCC had the power to prosecute any criminal matter in court without fiat

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