Nigeria: Alleged N4.7 Billion Fraud - EFCC Claims Babalakin Is Plotting to Flee the Country

12 December 2012

The Economic and Financial Crimes Commission (EFCC) on Wednesday accused the Chairman of Bi-Courtney Ltd., Wale Babalakin of plotting to flee the country to evade arraignment over an alleged N4.7 billion fraud.

The commission made the allegation through its counsel, Mr Rotimi Jacobs (SAN) before Justice Adeniyi Onigbanjo of a Lagos High Court in Ikeja.

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