Wale Babalakin Declared Wanted By EFCC

The Economic and Financial Crimes Commission, EFCC, has declared the Chairman of Bi-Courtney Highway Services Limited, Mr. Wale Babalakin wanted in connection with a case of criminal conspiracy and money laundering to the tune of N4.7bn.

A statement by the spokesman of the commission, Mr. Wilson Uwujaren said that the business mogul was supposed to be at the EFCC’s office yesterday preparatory to his arraignment on a 27-count criminal charge before Justice Adeniyi Onigbanjo of the Lagos High Court today, but failed to do so.

The commission stated that instead of honouring an agreement with it, the suspect decided to go underground.

It further requested that anybody having useful information as to his whereabouts should contact the Commission in its Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja.

The commission described Babalakin as darkcomplexioned, stressing that he speaks English and Yoruba fluently.

However, Bi-Courtney yesterday denied that its chairman was on the run.

A statement issued by the company’s Head of Communications, Mr. Dipo Kehinde, said, “We don’t understand the game that EFCC is playing. This is nothing but a deep political game. Since Babalakin came out of the hospital, he had reported at the EFCC office in Lagos for more than five times. He was also there on Tuesday. He is on EFCC’s administrative bail. He’s not a man on the run. We have a date in court tomorrow.”