There was a mild drama in Lagos on Monday, December 9, 2013 as the Economic and Financial Crimes Commission EFCC, through its counsel, Rotimi Jacobs SAN, told Justice Lawal Akapo of a Lagos High Court sitting in Ikeja to revoke the bail granted Chairman of Bi-Courtney Highway Services Limited, Dr. Wale Babalakin. Babalakin is standing trial alongside Alex Okoh and three companies: Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited on a 27-count charge that borders on conspiracy to commit felony, corruptly conferring benefit on account of public action and retention of proceeds of a criminal conduct to the tune of N4. 7 Billion. Jacob argued that Babalakin was conspicuously absent in court for the second time, after he failed to show up on November 27, 2013, which led to an adjournment.
Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Lamorde has again restated the Commission’s resolved to eradicate corruption and other forms of economic and financial crime in Nigeria. Lamorde stated this at an event to mark this year’s World Anti-Corruption Day, held at the Shehu Musa Yar ‘Adua Centre, Abuja.
A Lagos High Court sitting in Ikeja on Monday, December 9, 2013 postponed till March 2014, the re-arraignment of a former Managing Director and Chief Executive Officer, Intercontinental Bank Plc (now Access Bank Plc), Mr. Erastus Akingbola and his associate, Bayo Dada who are standing trial in a N47billion stealing charge instituted against them by the Economic and Financial Crimes Commission, EFCC.