Chairman of Bi-Courtney Ltd, Dr. Wale Babalakin SAN, has sued the Attorney General of the Federation, AGF, and the Economic and Financial Crimes Commission, EFCC, accusing them of making desperate efforts to prosecute him maliciously.
Babalakin, who is seeking a judicial review of the actions of the AGF and EFCC, had on February 23, 2015, been discharged by Justice Lateef Lawal-Akapo of a Lagos High Court, along with Alex Okoh, Stabilini Visinoni Ltd, Bi-Courtney Ltd, and Renix Nigeria Ltd.
They were prosecuted by the EFCC for allegedly laundering N4.7 billion.
After two years in court, the Judge ruled that there was no basis for the charges and consequently struck out the charges and discharged Babalakin and other defendants.
The court observed that the entire 27 charges did not contain any single charge that constituted an offence under the laws of Nigeria.
Following reports that the EFCC was planning to file the same charges against him on the same subject matter and on the same provisions of the law, Babalakin promptly approached the Federal High Court seeking protection and a Judicial Review of the actions.
The Court presided over by Justice Tsoho on April 29, 2015, granted a restraining order against EFCC prohibiting the agency from proceeding with the action pending the determination of the suit.
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