Money Laundering: Babalakin Arraigned, Released On Bail

Embattled  Chairman of Bi-Courtney Highway Services, Dr Wale Babalakin, SAN, has been released on bail on self recognition by an Ikeja High Court.

WALE BABALAKIN IN COURT THURSDAY
WALE BABALAKIN IN COURT THURSDAY

Babalakin, who was declared missing Wednesday, by the Economic and Financial Crimes Commission EFCC, was earlier today arraigned alongside Alex Okon and three others, over alleged money laundering,  for former Governor of Delta State, James Ibori, to the tune of N4.7bn in 2006.

Babalakin, dressed in a navy blue stripped suit with a white shirt and a red tie, arrived the court premises at about 10.06 am, in a black ML Mercedez Benz Jeep marked TP 425 AAA and went straight into the court room, presided over by Justice Adeniyi Onigbanjo.

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