N4.7b fraud: Lagos CJ Transfers Babalakin’s Case to Another Judge.

  The trial of the chairman of Bi-Courtney Ltd., Wale Babalakin, accused of a N4.7 billion fraud, has been transferred to a new judge.
The  Chief Judge of Lagos State, Justice Ayotunde Phillips,   re-assigned the case to Justice Lateef Lawal-Akapo.
The Economic and Financial Crimes Commission (EFCC) had charged Babalakin to court for allegedly transferring the sum of N4.7 billion on behalf of convicted former Delta governor, James Ibori.
He is being prosecuted alongside Alex Okoh and their companies — Stabilini Visinoni Ltd., Bi-Courtney Ltd. and Renix Nig. Ltd.
The defendants are facing a 27-count charge bordering on conspiracy, retention of proceeds of a criminal conduct, and corruptly conferring benefit on account of public action, reports News Agency of Nigeria.