Justice Adeniyi Onigbanjo of an Ikeja High Court will today hear the pending interlocutory applications filed by the embattled Chairman of Bi-Courtney Limited, Dr. Wale Babalakin (SAN), in a charge preferred against him by the Economic and Financial Crimes Commission (EFCC).
Babalakin was arraigned on January 17, alongside his companies, Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited, and Alex Okoh, on a 27-court charge in connection with criminal conspiracy and money laundering to the tune of N4.7 billion on behalf of the convicted former Delta State Governor, Chief James Ibori.
The anti-graft commission had alleged that the defendants fraudulently assisted Ibori to transfer various sums through various parties to an Erin Aviation account in Mauritius for the purchase of a Challenger Jet.
Babalakin's offences, according to the anti-graft commission, are contrary to Section 17(a) of the EFCC (Establishment) Act 2004.
At the last proceedings, Babalakin was granted bail on self recognition on the request of his counsel, Olawale Akoni (SAN).
The judge in two separate rulings, admitted both Babalakin and Okoh to bail on self recognition.
Justice Onigbanjo also ordered that the duo deposit their travelling documents with the EFCC.
The court further ordered that the documents must not be released to them without express permission of the court.
The matter was then adjourned till today to enable the court hear the pending interlocutory applications filed by the defence.