Lagos — Chairman, Bi-Courtney Highway Services, Dr. Wale Babalakin, and four others, accused of laundering the sum of N3.4bn for former Governor of Delta State, James Ibori in 2006 are to be arraigned before a Lagos High Court in Ikeja today.
Babalakin alongside Alex Okon, Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited are expected to answer to 27 counts charges by Economic and Financial Crimes Commission (EFCC) at a proceeding that would be presided over by Justice Adeniyi Onigbanjo.
In a report obtained by jour-nalists in Lagos, part of the char-ges against the Bi-Courtney chairman and others include alleged conspiracy to corruptly confer benefits on Ibori and retain proceeds of crime on his behalf. An offence the anti-corruption agency say contravenes Section 516 of the Criminal Code Law, CAP C17, Laws of Lagos State, 2003.
A portion of the charge read thus; "That you, Dr. Bolanle Olawale Babalakin, Stabilini Visioni Limited and Bi-Courtney Ltd, between May 2006 and December 2006, within the jurisdiction of this court, did corruptly confer benefits on former Governor James Onanefe Ibori to with the sum of N1,356,600,000 on account of contracts awarded by Delta State government to Stabilini Visioni Limited by transferring the said sum through various third parties to Erin Aviation account in Mauritius for the purchase of a Challenger Jet Aircraft by the said James Onanefe Ibori."
Ibori is currently serving jail term in United Kingdom, having been found guilty of money laundering charges.
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