Lagos High Court Frees Babalakin over N4.7billion Fraud
A Lagos state high court has acquitted the Chairman of Bi-Courtney
Limited Mr Wale Babalakin, over a N4.7billion fraud allegations brought
against him by the Economic and Financial Crimes Commission (EFCC). He
was acquitted today.
Mr Babablakin alongside his aide, Alex Okoh, were arrested in 2012 by
the EFCC over accusations that the men laundered N4.7billion from the
Delta state government coffers on behalf of James Ibori, the convicted
ex-governor of Delta state.