The Economic and Financial Crimes Commission (EFCC) 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 public action.
His co-defendants are Alex Okoh, Stabilini Visioni Ltd, Bi-Courtney Ltd. and Renix Nigeria Ltd.
The co-defenders had also filed similar applications, challenging the court’s jurisdiction to entertain the charge,
They had also challenged the competency of the charge, arguing that the EFCC lacked the power to prosecute them before a state high court, without a valid fiat. (NAN)