There are indications that the Economic and Financial Crimes Commission may approach a Federal Capital Territory High Court to obtain a remand order to further keep the Managing Director of Galaxy Transportation and Construction Services Ltd, Engr Babagana Abba Dalori. Dalori has been in the custody of the commission since April, over allegations of fraud amounting to over seven billion Naira, through a ponzi scheme.
The remand order, it was learnt, is to allow the commission deepen its ongoing investigations into how the businessman made away with the fund, allegedly belonging to over twenty thousand people, who entered into business with the suspect, but never got any refund on their investments.
A reliable source within the EFCC said, “We are going to obtain a court order to hold Dalori for some weeks more, pending the conclusion of investigation.”
The source further said, “We have many cases against Dalori being handled by different teams. We cannot just arraign him immediately. We want to do a thorough job before taking him to court, even though he has been arraigned few days ago.”
The source also said the failure of the accused to cooperate with investigators have necessitated the move by the commission, even though some accounts linked to the suspect, had been frozen and his properties seized by the commission.
Recall that some groups, recently condemned the continued detention of Babagana Dalori by the EFCC. They insisted that it is illegal, for the EFCC to continue holding the Galaxy Construction boss in its custody without proper arraignment before a court.
Dalori has also severally denied running a ponzi scheme, tendering copies of licences of compliance with regulations in the operation of a mining business. Some of them are: Federal Ministry of Mining and Solid Minerals, National Inland Waterways Authority, Nigeria Social Insurance Trust Fund, Nigeria Industrial Training Fund, Bureau of Public Procurement, National Pension Commission, Federal Inland Revenue Service and the EFCC Special Control Against Money Laundering (SCUML).
