BREAKING: Court Frees Babalakin Of N4.7Billion Fraud Charge

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

It would be recalled, 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.

According to PremiumTimesNg on the latest court 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.



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