Top Nigerian Businessman Faces Criminal Charges


The Chief Executive Officer of Bi-Courtney, Wale Babalakin, has been charged by the Economic and Financial Crimes Commission for money laundering allegation.
Photo: This Day

Wale Babalakin

  • Nigeria:  EFCC - Babalakin Laundered Money for Ibori to Buy Airplane

    This Day, 23 November 2012

    Details of the 27-count charge filed at the Lagos High Court by the Economic and Financial Crimes Commission (EFCC) on Wednesday against Dr. Olawale Babalakin (SAN) emerged on ... read more »

  • Nigeria:  Why We Can't Nail High Profile Criminals - EFCC

    Leadership, 23 November 2012

    The Chairman of the Economic and Financial Crimes Commission, (EFCC),Ibrahim Larmode, yesterday, expressed frustration at their inability to successfully prosecute high profile ... read more »

  • Nigeria:  EFCC Charges Babalakin With Money Laundering

    This Day, 22 November 2012

    Barely 48 hours after the Federal Government cancelled the Lagos-Ibadan Expressway concession granted to his company, Bi-Courtney Highway Services, over three years ago, the ... read more »

  • Nigeria:  More Trouble for Babalakin - to Face Money Laundering Charges

    Vanguard, 22 November 2012

    More trouble came the way of the Bi-Courtney top shot, Dr. Wale Babalakin, as the Economic and Financial Crimes Commission, EFCC, yesterday, began moves to formally charge him for ... read more »

  • Nigeria:  Lagos-Ibadan Expressway - FG Outlines Concession Terms Breached By Bi-Courtney

    This Day, 21 November 2012

    The Federal Government yesterday clarified the circumstances leading to the revocation of the 25-year concession given to Wale Babalakin's Bi-Courtney Limited for the construction ... read more »

  • Nigeria:  FG Revokes Lagos-Ibadan Expressway Concession

    This Day, 20 November 2012

    Finally, Bi-Courtney Highway Services, owned by lawyer-entrepreneur, Dr. Wale Babalakin, Monday lost the concession to repair, upgrade and manage the 106-kilometre Lagos-Ibadan ... read more »