EFCC Arrests Wale Babalakin For Allegedly Helping James Ibori Launder N2bn

The Chief Executive Officer of Bi-Courtney Ltd, Wale Babalakin, has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly facilitating the laundering of about N2 billion belonging to Delta State on behalf of former convicted Governor, James Ibori.

News of Babalakin’s arrest comes few days after a concessionary agreement between Bi- Courtney and the federal government on the Lagos/Ibadan Expressway was terminated.

EFCC sources in Abuja confirmed that the charges were filed against Babalakin today at a Lagos High Court in Ikeja.

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