The Economic and Financial Crimes Commission (EFCC) last week
arrested and briefly detained Wale Babalakin, a Lagos-based businessman,
on charges of facilitating money laundering by former Governor James
Ibori of Delta State.
The EFCC detained Mr. Babalakin overnight last Saturday and subsequently granted him administrative bail.
A source close to suspect, a lawyer whose company owns the new wing
of the Ikeja domestic airport, told SaharaReporters that Mr. Babalakin
was “shaken when the EFCC came for him,” adding that the businessman
quickly contacted his political sponsors to arrange his “administrative”
release.
When SaharaReporters called EFCC spokesperson, Wilson Uwujaren, he
confirmed that the anti-corruption agency arrested Mr. Babalakin and
detained him
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