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Thursday, November 22, 2012

DR.WALE BABALAKIN'S DILEMMA

First the Federal Government tore his Bi-Coutney Consortium contracts to shreds. The company had been awarded the concession of the Lagos-Ibadan expressway since 2009. That's about 4 years ago, but apparently since nothing whatsoever had been done prior to the termination of the concession, the Federal Government had to move in for the good of all. 

Now after that unfinished business, with both sides threatening to meet in court to iron out issues etc. Same concession was immediately awarded to Julius Berger and R.C. C. Nigeria Limited, who are to commence work immediately. While the dusts on that contract imbroglio is yet to settle, Dr. Wale Babalakin, is having to fight another battle on another front. This time around, with the EFCC(Economic and Financial Crimes Commission) over a 2 Billion loot said to belong to the now disgraced ex-Governor of Delta State, James Onanefe Ibori.

Though, the lawyer and very influential businessman is said to have declared his innocence, we hear that the EFCC might be arranging to file charges against him, since they suspect that the said money was supposedly laundered through one of his companies. 

While some are of the feeling that the allegations should be investigated very well and the necessary things to be done. Some are of the feeling that Dr. Wale Babalakin might have fallen out with some people and this might be the reason(s) he is facing his present dilemma.  
DR WALE BABALAKIN


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