At last, EFCC arrests Babalakin


…Granted administrative bail

From FRED ITUA, Abuja

After weeks of intrigues between the Economic and Financial Crimes Commission (EFCC) and the embattled Chairman of Bi-Courtney Limited, Dr. Wale Babalakin, the agency finally arrested him yesterday in Lagos, ending attempts by Babalakin to evade prosecution.

According to the EFCC’s spokesman, Mr. Wilson Uwujaren, Babalakin was arrested by EFCC men at the Lagos University Teaching Hospital (LUTH). He was accosted by the operatives a few minutes after he was discharged by the hospital and was immediately whisked away to the Ikoyi office of the commission.

“I can authoritatively confirm to you that we have arrested Wale Babalakin. He was arrested immediately after his discharge from LUTH”, he said. However, Babalakin, hours later, fulfilled the stringent administrative bail conditions of the anti-graft agency. Asked if stringent measures had been taken by the EFCC to prevent the embattled businessman from leaving the country before the next date of his arraignment in January, the commission’s spokesman revealed that the administrative bail conditions had done that. “The administrative bail conditions set by the commission have taken care of that.

The case of Babalakin running away from the country to avoid prosecution by the EFCC might not arise,” With his arrest, the coast is now clear for the EFCC to finally arraign the Bi-Courtney boss in a Federal High Court, Lagos on January 17, 2013. Recall that the EFCC had filed a 27-count charge against Babalakin over alleged money laundering on behalf of former governor of Delta State James Ibori in 2006. Ibori was convicted this year by a British court.

Babalakin also lost his bid last week Friday to prevent the EFCC from prosecuting him after several court injunctions, when a Federal High Court headed by Justice Ibrahim Buba told him to answer to the corruption charges.

Babalakin and the EFCC had been engaged in the cat and mouse game when his planned arraignment was stalled on account of ill –health which forced him to seek cure at LUTH. On two occasions, he had sought unsuccessful judicial support to stop his prosecution. He first approached the Federal High Court presided over by Justice Mohammed Idris and later Justice Ibrahim Buba seeking to enforce his fundamental human rights against the commission.

Last Friday, Justice Buba in what appears like a final seal on Babalakin’s fate ruled that the Federal High Court is not the proper place to plead his ill-health and that the Lagos High Court where the charge is preffered against him should be. The judge urged him not to be afraid to appear before the Lagos High Court. He dismissed the application.

24 yrs boy started importation with N10,450. Read his story here!

Men, forget Viagra. Use these to increase your manhood size & strength

How 2make over N500,000 in less than 12 days like I did

How watermelon made a Benin boy over N1,000,000 in 73days

Superb premature ejaculation spray. You 'll last 30minutes+

How to earn 40k-200k monthly from football matches almost on autopilot

3 Things I did to cure premature ejaculation after my wife left me

Small manhood and premature ejaculation limited my performance for 4yrs!

7 Simple yet amazing steps to earn over N200,000/monthly. Click here

How to get flat belly in just 9 days. Click here!

How to turn your Facebook to ATM machine that vomits cash

How 28yrs Lagos boy increased his manhood strength & size in 18days

Click here now if you are interested in earning at least N7,500/daily

How a young Nigerian generate over N1,000,000/month via digital marketing

Are you a real man? Click here to know if you are?

Get daily updates of jobs in Nigeria. Apply for your dream jobs

Work from home and get paid at least $1000 weekly!

Get bigger manhood and cure premature ejaculation using these solutions!

Housewife reveals How to Turn N8,500 into N100,000 monthly!

Small manhood made me lose my fiancee to a next neighbour

Shocking! See 1 crazy trick a man uses to last long on his wifey


About Author




  2. Babalakin is being hounded by EFCC for laundering money for the same James Ibori that was shamelessly acquitted here in Nigeria? In some funny ways, handlers of the affairs of this country continue to expose the laughable inconsistencies in matters about justice. Corruption prosecution, no doubt, is selective and discretionary. James Ibori is clean, but the idiot laundering money for him is probably guilty of the same offence. Or, does Babalakin’s travails have something to do with his fight with the Federal govt over the MMA2 and/or the Lagos-Ibadan road construction contracts, eh? Didn’t Federal authorities know ab initio that he was Ibori’s bagman? …a case of calling a dog a bad name in order to hang him! Nice try guys, but we got you!

  3. Well i don’t no what 2 say, or do i ask dat which money laoundary are we talking about, i want 2 believe it is not d one dat d one dat d original offender has Been discharge nd aquatted since? Dis country will never stop her show of shame. This man will be set free @ the end of d day, after which Tax payers’ Money would have been spent.

  4. Was it not in naija judges acquitted james ibori n here we r again, but wait where r d judges dt aquitted ibori n he was celebrated here in delta state by Uduanghan, now dis man is held again, shame on naija judiciary

  5. Many of EFCC’s activities are done on the pages of newspapers. After arrest comes administrative bail which will eventually end the case. Babalakin is assumed a free man.

  6. Can you give us another version of news. He is being arrested because IBORI is not in the good books of GEJ. What is happening to all the government officials, including GEJ’s girlfriend, Allison-Madueke?

    Has she not stolen enough to be noticed and arrested. God will judge you all. I beg release the man jooooooooo.

  7. @ Dr Coco, you are not discussing a good point here as your name implies. May thinks you must be a native doctor. Babalakin remains a habitual criminal, no right thinking human will allow a criminal to go away with his stolen wealth. If u have ur facts concerning those u mentioned above tender it to the appropriate quarter stop ranting. We knows how extent the native doctors like you contradicts issues in the villages.

Leave A Reply