A report by the British police has absolved Olawale Babalakin, SAN and chairman, Bi-Courtney and four others of being involved in money laundering allegations levelled against them by the Economic and Financial Crimes Commission
A REPORT by the Britain’s Metropolitan Police has shown that Olawale Babalakin, SAN and chairman of Bi-Courtney, was nowhere linked with the purchase of a N3.4 billion Challenger Jet by former Governor James Ibori of Delta State. Besides, the report did not show Babalakin as being wanted in Britain or anywhere in connection with the deal by Ibori.
The Economic and Financial Crimes Commission, EFCC, has already taken Babalakin and four others to court accusing them of laundering more than N3.4billion through Mauritius for Ibori to buy the controversial Challenger Jet aircraft. The others being accused are Stabilini Vision Limited, Bi-Courtney Limited, Alex Okoh, and Renix Nigeria Limited.
The EFCC also accused the suspects of siphoning $11.3 million abroad for Ibori through Erin Aviation Account in Mauritius.
But a document exclusively obtained on Tuesday, June 16, by a correspondent of The Nation newspaper, revealed that neither Babalakin nor any of his firms was on the list of those investigated by the Metropolitan Police and that none of the suspects implicated in the alleged scandal was referred to in the police document.
According to the newspaper, the British police said its officers are prepared to come to Nigeria to testify. The Met Police, however, implicated Bhadesh Babulal GOHIL (BG), a London based solicitor, as the mastermind of how the controversial jet was purchased.
The facts were contained in a bundle of information, dated August14, 2014, which was sent to Mohammed Bello Adoke, SAN, immediate past attorney-general of the federation, from the United Kingdom Central Authority Judicial Cooperation Unit.
— Jun 17, 2015 @ 13:15 GMT