Drama Continues As EFCC Declares Wale Babalakin Wanted!


The last has definitely not been heard about the money laundering matter that has placed the Economic and Financial Crimes Commission and Wale Babalakin against each other. The drama seems to have reached a third season as the billionaire businessman and Chairman of the Bi Courtney Group was on Wednesday evening declared wanted by the anti-graft commission.

Babalakin who was alleged to have laundered about N 4.7 billion on behalf of the jailed former Governor of Delta State, James Onanefe Ibori was declared wanted because he has disappeared from the Commission’s radar. A statement from the EFCC made it known that Babalakin speaks English and Yoruba fluently. Anyone with useful information on his whereabouts was urged to contact any of its offices in Enugu, Kano, Lagos, Gombe, Port Harcourt or Abuja. The EFCC also gave telephone lines through which it could be reached.
These are: 09-4604620, 0702635721-5.
The Commission said it could also be reached by email at or the nearest police station.

A statement issued by one Dipo Kehinde, Babalakin’s media aide on Wednesday in reaction to the EFCC’s statement however stated that Babalakin has not run away as insinuated by the EFCC. He stated that “since Babalakin came out of the hospital, he has reported at the EFCC office in Lagos more than five times. He was also there on Tuesday. He’s on EFCC’s administrative bail. He’s not a man on the run. We have a date in court tomorrow, but EFCC wants to do jungle justice. Babalakin was in touch with EFCC by 5pm today. They asked him to report at their office tomorrow before he goes to court. Tonight, he was declared wanted.” The statement ended with an assurance that “Wale Babalakin is a law abiding citizen and he will be in court tomorrow” (Thursday).

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