Lagos Court Surprisely Frees Babalakin over N4.7billion Fraud

February 23, 2015 3:18 pm

A Lagos state high court has acquitted the Chairman of Bi-Courtney
Limited , over a N4.7billion fraud allegations brought
against him by the (). He
was acquitted today.

Mr Babablakin alongside his aide, , were arrested in 2012 by
the EFCC over accusations that the men laundered N4.7billion from the
government coffers on behalf of James Ibori, the convicted
ex-governor of Delta state.

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