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Friday, November 23, 2012

DR WALE BABALAKIN'S DILEMMA- THE SAGA CONTINUES

Just like they had threatened to do, the EFCC has gone ahead to file charges against Dr Wale Babalakin and 4 others for allegedly helping to  launder about 3.4 Billion Naira for the disgraced former Governor of Delta State, Chief James Onanefe Ibori, who is currently in jail in London, through Mauritius. 

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.

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