₦airaland Forum

http://www.premiumtimesng.com/news/top-news/177390-updated-after-years-of-trial-over-n4-7-billion-fraud-babalakin-cleared-by-court.html

Wale Babalakin, the billionaire
Chairman of Bi-Courtney Limited,
walked out of the Ikeja High Court in
Lagos, Monday, a free man after years of
prosecution for an alleged N4.7 billion
fraud by the Economic and Financial
Crimes Commission, EFCC.
Delivering his ruling, Justice Lateef
Lawal-Akapo said the EFCC had failed
to disclose enough information to
sustain the allegations against Mr.
Babalakin, and his co-defendants.
“The amended information filed May 7,
2013, is incurably bad and defective,”
the judge held.
Mr. Babalakin, a Senior Advocate of
Nigeria; Alex Okoh, a banker; and their
companies Bi-Courtney Limited, Renix
Nigeria Limited, and Stabilini Visioni
Limited had been charged on a 27-
count charge of fraud, conspiracy, and
retention of proceeds of criminal
conduct.
The EFCC accused Mr. Babalakin of
helping James Ibori, a former governor
of Delta State who is now serving a jail
term in the UK, to launder N4.7 billion
state funds.
The defendants were first arraigned in
January 2013, after which began a series
of court room dramas that culminated in
their discharge.

For all this to stop vote ACPN.
vote GALADIMA for president
2015

Which criminal isn't free in this regime of "how much did nwobodo steal"

Sickening kleptomaniacs, your days are. Numbered GEJ and his bandits

Vote Buhari/Osibanjo

ellguapo:
Which criminal isn't free in this regime of "how much did nwobodo steal"

Sickening kleptomaniacs, your days are. Numbered GEJ and his bandits

Vote Buhari/Osibanjo

Actually the Ph.D holder said
"How much did Nwobodo stole"

stinggy:
Actually the Ph.D holder said
"How much did Nwobodo stole"

Thanks jare

If he didn't 'launder' the said amount,then who did?did the money come from the blues?
That's why accountability should be the watch word,anyone that can't give account for monies in his power,should be pronounced guilty by default!