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N4.7bn fraud: Babalakin to know his fate in June

25 May 2015, 16:47

Abuja - A Federal High Court in Lagos has adjourned until June 1 to hear an application filed by the Chairman of Bi-Courtney Limited, Dr. Wale Babalakin, to stop fresh criminal proceedings against him, Punch reports.

The defendants in the suit filed before Justice John Tsoho are the Attorney General of the Federation, Mohammed Adoke (SAN), and the Economic and Financial Crimes Commission.

Also read: EFCC set to appeal acquittal of Babalakin

Babalakin filed the fundamental rights enforcement suit to stop the most recent move to arraign him before a Lagos State High Court in connection with an alleged N4.7bn fraud.

He was alleged to have, with others, aided a former Governor of Delta State, James Ibori, who is now serving a jail term in the United Kingdom, to steal public funds.

Earlier in February this year, Justice Lateef Lawal-Akapo of the Lagos High Court had dismissed an amended 27 count filed against Babalakin and four others on the alleged fraud.

Read more at Punch

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