Power outage stalls hearing of Babalakin’s application to quash N4.7bn fraud charge




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IKEJA – A power outage at the premises of the Ikeja High on Thursday stalled the hearing of an filed by the Chairman of Bi-Courtney Ltd, Wale Babalakin.

Babalakin, in the , filed before Justice Lateef Lawal-Akapo, had asked the dismiss the N4.7 billion fraud charge preferred against him and four .

However, the could not be heard on Thursday, as scheduled, due the outage which affected some courtrooms within the complex.

The situation led the adjourn the hearing of the application till June 23.

The Economic and Financial Crimes Commission () had charged Babalakin and the other defendants to court.

They are facing a 27-count charge of conspiracy, retention of proceeds of a criminal conduct and corruptly conferring benefit on account of action.

His co-defendants are Alex Okoh, Stabilini Visioni Ltd, Bi-Courtney Ltd. and Renix Ltd.

The co-defenders had also filed similar applications, challenging the court’ jurisdiction to entertain the charge,

They had also challenged the competency of the charge, arguing that the lacked the power to prosecute them before a state high court, without a valid fiat. (NAN)