N2.9 BILLION SCAM: YOU MUST FACE TRIAL, EFCC TELLS BABALAKIN …….AS COURT GIVES JANUARY 17, 2013 ARRAIGNMENT DATE
The Economic and Financial Crimes Commission, EFCC, will on Thursday, 13 December, 2012, argue a notice of preliminary objection before Justice Mohammed Idris of a Federal High Court sitting in Lagos, challenging its jurisdiction in granting an order of prohibition against the arraignment of Chairman of Bi-Courtney Limited, Wale Babalakin over a N2.9 billion scam.
Following the escape from arrest, of the former Kogi State governor, Abubakar Audu, by operatives of the Economic and Financial Crimes Commission, EFCC, on December 11, 2012, the Commission has concluded plans to declare him wanted.
Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde, on December 10, 2012, said that no less that $9 million was intercepted by EFCC operatives at the nation's airports between September 2012 till date. The amount, he said, is outside the capital flight of about N14 billion which was laundered across the nation's airports between January and August 2012.