NewsExpress advert FCMB banner
Babalakin rubbishes EFCC, says “Let’s meet in court; I am not on the run”

By News Express on 17/01/2013

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,699

Lagos lawyer and businessman, Wale Babalakin (SAN), has rubbished claims by the Economic and Financial Crimes Commission (EFCC) that he has gone underground ahead of his scheduled arraignment today in connection with criminal conspiracy and money laundering to the tune of N4.7 billion on behalf of the convicted former Delta State governor, Chief James Ibori.

Speaking last night on phone to the Lagos-based ThisDay, Babalakin, who is the Chairman of Bi-Courtney Highway Services Limited, berated the EFCC for declaring him wanted when he is very much around and ready to meet the anti-graft agency in court.

“I have been in regular touch with the EFCC and have reported to the commission every other day,” he said, adding:

“Even Mr. Ilyasu Kwabai, an operative of the commission, called me at 5:30 p.m. today (Wednesday), instructing that I should be in court tomorrow (Thursday).

“So there is no basis for declaring me wanted because I have consistently complied with the administrative bail terms and I will be in court tomorrow (Thursday) at 8:00 a.m.”

Also, in a statement issued on his behalf by the spokesman of Bi-Courtney, Mr. Dipo Kehinde, the businessman said he was not on the run to warrant being declared wanted. Kehinde said that as a law abiding citizen his boss would appear in court today.

The statement read: “We do not understand the game that the EFCC is playing. This is nothing but a deep political game. Since Babalakin came out of the hospital, he has reported at the EFCC office in Lagos more than five times. He was also there on Tuesday. He is currently on administrative bail.

“He is not a man on the run. We have a date in court tomorrow (Thursday), but the EFCC wants to jungle justice. Babalakin was in touch with the EFCC by 5 pm today (Wednesday).

“They asked him to report at their office tomorrow (Thursday) before he goes to court. Yet tonight (Wednesday night), they declared him wanted.”

The EFCC had yesterday in a statement said of Babalakin: “The businessman, who was supposed to report to the commission today preparatory to his arraignment on a 27-count criminal charge before Justice Adeniyi Onigbanjo of the Lagos High Court tomorrow, January 17, 2013 failed to do so, and has gone underground.”

The agency described Babalakin as being dark-complexioned and speaks English and Yoruba fluently. It directed anyone with useful information on his whereabouts to contact the EFCC at its Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja offices or through these numbers: 09-4604620, 070-26350721,070-26350722,070-26350723,070-6350724, 070-26350725; or e-mail address: or the nearest police station.

“Babalakin,” according to ThisDay, “was charged before Justice Onigbanjo of the Lagos High Court in Ikeja on a 27-count charge for conspiracy, retention of proceeds of a criminal conduct and corruptly conferring benefit on account of a public action.

“The offences, according to the commission, are contrary to Section 17(a) of the Economic and Financial Crimes Commission (Establishment) Act 2004.

“Efforts to arraign the defendants were stalled on November 29 and December 12 last year after Babalakin’s counsel told the court that he had been admitted at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos.

“At the last adjourned date of the case, Justice Onigbanjo had fixed January 17 for further hearing into the case due to the purported ill-health of the first defendant.

“Babalakin was charged alongside Alex Okoh, Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited for fraudulently transferring N4.7 billion on behalf of Ibori.

“The anti-graft commission had alleged that the defendants fraudulently assisted Ibori to transfer various sums, through various parties, to an Erin Aviation Account in Mauritius for the purchase of a Challenger Jet aircraft.

“Babalakin had on two occasions attempted to thwart his arraignment at the Federal High Court in Lagos but failed as both applications were struck out.”

•Photo: Babalakin.

Source News Express

Posted 17/01/2013 1:44:05 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Shiites accuse DSS of frustrating access to El-Zakzaky...

Gunmen raid 3 Benue LGs, kill 15

Bombs found in Abia, military cordons off area...

Unregistered Phone Lines: House of Reps wants MTN’s...

Burkina Faso disbands unit behind failed coup

Uduaghan tasks FG on statistical data for health...

Nigerian Roundtable condemns arrest of the Elombahs, continued...

FG issues Ebola alert, trails potential victims

2 oil chiefs docked over N7.3bn fraud

4 lawmakers declared missing after DSS invasion of...

Group to INEC: Do not renege on January...

Nigeria signs legal agreement to fight dumping


Latest News Dog diverts plane Infected meat traced to Shoprite Killer herdsmen: SERAP sends SOS to UN Security Council Kidnappers lay siege to Oyo communities Buhari orders deployment of NSCDC officials to secure secondary schools in North-East Troops kill 4 militants in Bauchi, arrest 9 Desist from embarrassing Bishops, Okonkwo tells politicians BUK admits 140 students for Degree in Social Media 2019: Why Ugwuanyi deserves second term — Group We are closing in on abducted Dapchi schoolgirls— Defence Minister NMA introduce doctors’ stamp to remove quacks Varsity student, 4 others die as killer herdsmen invade Edo communities


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (332,094 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (324,733 views) Shameless Genevieve Nnaji exposes breasts in public (260,307 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (214,079 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (197,817 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (192,160 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (167,447 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (150,226 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (142,985 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (132,979 views) Lagos plane crash: Journalist releases victims’ names (132,413 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (125,700 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business & Economy (2,968) Business Verdict (36) Columnists (814) Complaints & Requests (94) Enterprise & Opportunities (206) Entertainment (455) Features (552) Global Business Monitor (238) International (1,854) Interview (146) Live Commentary (28) Love Matters (114) News (33,690) Opinion (895) Pidgin (10) Politics (4,621) Religion (700) Sports (1,456) Stock Watch (28) AMA & Al Jazeera Global Update





Football Highlight -- BARCELONA - CHELSEA 3:0


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera