The
Chief Executive Officer of Bi-Courtney Ltd, Wale Babalakin, has been
arrested by the Economic and Financial Crimes Commission (EFCC) for
allegedly facilitating the laundering of about N2 billion belonging to
Delta State on behalf of former convicted Governor, James Ibori.News of Babalakin’s arrest comes few days after a concessionary agreement between Bi- Courtney and the federal government on the Lagos/Ibadan Expressway was terminated.
EFCC sources in Abuja confirmed that the charges were filed against Babalakin today at a Lagos High Court in Ikeja.





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