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N4.7bn fraud: Outage stalls hearing of Babalakin’s application

Power outage on Friday stalled the hearing of an application by the Chairman of Bi-Courtney Ltd., Wale Babalakin, at an Ikeja High Court charged with a N4.7bn fraud.

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

The application could not however be heard as scheduled because of power outage.

The courts in the Ikeja Division had been relying solely on two generators to provide power.

One of the generators at the new court complex, where Lawal-Akapo’s courtroom is situated, was said to have developed a fault on Thursday, according to an official.

The situation led the court to adjourn the hearing of Babalakin’s application till April 30.

The Economic and Financial Crimes Commission had charged Babalakin and the other defendants to court on 27 counts charge bordering on conspiracy, retention of proceeds of a criminal conduct.

Babalakin’s co-defendants – Alex Okoh, Stabilini Visioni Ltd., Bi-Courtney Ltd and Renix Nigeria Ltd, had also filed similar applications, challenging the court’s jurisdiction to entertain the case.

They had also challenged the competence of the charges, arguing that the EFCC lacked the power to prosecute them at a state high court without a valid fiat.

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