WALE BABALAKIN SLAMMED WITH N2B MONEY LAUNDERING CHARGE
 |
| Wale Babalakin |
 |
| James Ibori |
Nigeria’s
Economic and Financial Crimes Commission, EFCC, today filed a 20 count-charge
against Dr. Wale Babalakin, a senior advocate of Nigeria,
accusing him of a N2billion money laundering allegation.
Economic and Financial Crimes Commission, EFCC, today filed a 20 count-charge
against Dr. Wale Babalakin, a senior advocate of Nigeria,
accusing him of a N2billion money laundering allegation.
The charge was filed at the Lagos High Court today.
According to lawyers connected with the case, Dr. Babalakin was being
accused of laundering the money for the former Governor of Delta State, James
Ibori, now incarcerated in a UK
jail for a similar offence. The money was purportedly meant to buy a Bombardier
Challenger jet for Ibori.
The money was said to have been laundered through Mauritius.
As at the time of filing this report, the case file is yet to be assigned to
a Judge.
Dr.Babalakin is the chairman of Bi-Courtney Highway Service, which had the
concession to rebuild the Lagos-Ibadan expressway on behalf of the Federal
Government. On Monday, the Federal Government cancelled the agreement, with
Babalakin’s company saying it is yet to be informed officially.
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