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LequteMan
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Nigeria- Wale Babalakin, a Senior Advocate of Nigeria, has been discharged and acquitted by a Lagos High Court of a N4.7 billion fraud suit instituted by the Economic and Financial Crimes Commission, Premium Times reports.
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,” he held.
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.
#Nigeria #EFCC
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,” he held.
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.
#Nigeria #EFCC
