Thursday, 29 November 2012

ABSENCE OF SUSPECT STALLS EFCC SUIT IN LAGOS


The much-awaited arraignment of the Chairman of Bi - courtney Limited - Olawale Babalakin and four others at the Lagos High Court, sitting in Ikeja, over alleged money laundering running to about 4.7billion naira could not hold on Thursday as scheduled, owing to the absence of Babalakin on health grounds.

The Economic and Financial Crimes Commission had filed a 27-count charge against Babalakin, Stabilini Visioni limited, Bi-Courtney Limited alongside Alex Okoh and Remix Nigeria Limited for allegedly assisting former Delta State Governor - James Ibori to transfer some monies through a third party to some foreign accounts.

Babalakin's Counsel - Ebun Sofunde informed the court that his client is currently on admission at the Lagos University Teaching Hospital over an undisclosed sickness.

Sofunde informed the court that he had earlier forwarded a letter to the registrar of the court, containing a medical report from one Doctor Charles Harmon about Babalakin's health.

But EFCC's  Counsel - Rotimi Jacob expressed his disappointment at the turn of event, saying he was shocked at the antics being employed by Babalakin.

In his ruling, Justice Onigbanjo asked the EFCC Counsel to verify that Babalakin is on admission at LUTH.

Correspondent - Georges Macnobles reports that the court also urged the EFCC to get an independent medical report on the true state of Babalakin's health.

The matter is adjourned till December 12, 2012 for arraignment.

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