The whopping amount was earmarked for the purchase of a Challenger aircraft. Those charged with the brilliant lawyer are Alex Okoh, Dr Babalakin's company Bi-Courtney Ltd, Stabilini Visinoni Ltd, another company where Dr Babalakin is a director and Renix Nigeria Ltd.
In all 27 count charges were filed against the 5, at the High Court of Lagos, Ikeja Division. Their arraignment in court would be coming up later. According to report, there is the risk of a 5 years jail term for the accused if convicted of the offense.