Court Orders Detention Of Dalori For Alleging Diverting $2.8m, N6.5bn, Investors’ Funds

The Federal High Court in Nyanya, Abuja has ordered the detention of the Managing Director/Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Abba Dalori, in the custody of the Economic and Financial Crimes Commission .

The EFCC had on September 2, 2019, arraigned him and his company, before Justice Idris on three separate charges – two counts bordering on a N95,530,000 fraud; two counts bordering on obtaining N4million by false pretence; and eight counts bordering N30,908,000 fraud. He also urged the court to release him on health grounds. The bail application was, however, vehemently opposed by counsel for the EFCC, Maryam Ahmed, who urged the court to deny the application for bail in the interest of justice.

The trial judge also dismissed the argument for bail based on health grounds, noting that there were no medical documents attached in the application. Specifically, Dalori is alleged to be running a Ponzi scheme, which he has allegedly used to defraud unsuspecting investors to the tune of N6.5billion. So far, the EFCC has received a total of 146 petitions, with 128 petitions already established against him involving the N6.5billion fraud.

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