Dr. Wale Babalakin Arrested By EFCC Over James Ibori N2 Billion Money Laundering Case

wale babalakin arrested efcc james ibori

Nov 21, 2012 – Dr. Wale Babalakin Arrested By EFCC Over James Ibori N2 Billion Money Laundering Case

EFCC on Wednesday arrested Dr Wale Babalakin, a top Nigeria‘s senior advocate and the chairman of Bi-Courtney Highway Service over a N2 billion money laundering case involving UK-Jailed James Ibori. www.naijagists.com

Babalakin’s arrest follows the cancellation of his Lagos-Ibadan Expressway contract agreement with the Federal Government.

He was accused of aiding James Ibori launder N2 billion naira meant for the purchase of Bombardier Challenger Jet for Ibori.

Babalakin allegedly laundered the money through Mauritius.

His case hasn’t been officially assigned to a judge yet.

Stay in touch for update on his case.