The Economic and Financial Crimes Commission (EFCC) yesterday said the Federal High Court in Lagos did not ask commission to stop the arraignment of Chairman of Bi-Courtney Limited Dr Wale Babalakin.

A statement by the spokesman of the commission, Wilson Uwujaren, said, "The ruling by Justice Mohammed Idris of a Federal High Court, Lagos which many have construed as a restraining order, merely granted leave to the applicant to apply for an order of prohibition preventing the EFCC and the Attorney General of the Federation from going ahead with his arraignment.

"This was one of three prayers sought by Babalakin through an ex-parte application. But Justice Idris turned down the two other prayers, which included an order to restrain the respondents from prosecuting the applicant.

"Their motion on notice for interlocutory injunction against the EFCC and the AGF is scheduled to be heard on December 12, 2012," the statement added.