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Op-Ed Editor October 19, 2014

Tunde Fagbenle : Wale Babalakin vs AMCON: Come off it!

by Tunde Fagbenle A couple of weeks ago, precisely on September 30, newspapers carried the story of two giant legal luminaries (at least they are both SANs) engaging in what…

YEditor September 27, 2014

Bi-Courtney goes bust, AMCON takes over

by Godwin Akanfe For failing to pay a N50 billion debt owed the Asset Management Corporation of Nigeria (AMCON), the Bi-Courtney group of companies has been ordered by the Federal…

November 3, 2013

Opinion: Bi-Courtney is not responsible for Oduah’s travails

by Remi Ladigbolu It is on the strength of arguments such as these that the supporters of the minister have labeled Babalakin the instigator-in-chief of Oduah’s clearly self-inflicted woes. There…

July 9, 2013

“Wale Babalakin is on crutches,” lawyer tells court

Lawyer to the embattled Chairman of Bi-Courtney Ltd, Wale Babalakin, Dr Abiodun Layonu (SAN) today told a Lagos High Court sitting in Ikeja that his client could not attend his…

May 8, 2013

Illegal deductions as the start – and more, in today’s news roundup with Cheta Nwanze

by Cheta Nwanze Nigerian employers sadly (and not all of them it must be said), do not generally feel the need to make staff remuneration the top of their list.…

March 27, 2013

Again court grants Wale Babalakin leave to travel abroad

by Rachel Ogbu The Chairman of Bi-Courtney Ltd., Wale Babalakin, was allowed to travel to South Africa for medical treatment after an Ikeja High Court on Wednesday, again granted him…

March 25, 2013

Opinion: Bringing back growth to the Nigerian economy (III)

by Tunji Andrews It may not shock you to learn that Nigeria’s limited infrastructure services tend to be much costlier than those available in other regions. For example, road freight…

March 1, 2013

Free to go: Court releases Wale Babalakin’s passport for travel to South Africa

by Isi Esene The Lagos High Court has reportedly released the travel documents of Wale Babalakin, the chairman of Bi-Courtney Group to enable him travel to South Africa to receive…

February 28, 2013

Opinion: Stella Oduah has not declared any war against the Yoruba

by Joe Obi All the talk about sack of staff of the Yoruba stock is not only unfounded and baseless but ultimately diversionary. I can bet that neither Sobowale nor…

February 25, 2013

The matter of N4.7bn: Babalakin will face the charges today

by Rachel Ogbu Babalakin Chairman of the Bi-Courtney Highway Services, Wale Babalakin returns to court to today, February 25, for allegedly transferring about N4.7 billion on behalf of former Delta State…

February 23, 2013

Dele Momodu: Abuja on my mind

by Dele Momodu Abuja is a complete waste of resources and a terrible return on investments. It is an eloquent testimony to the stupendous decay that has eaten up the…

January 19, 2013

OBJ is a ‘demon’ but I still paid his children’s school fees when he could not – Tunde Bakare

Bakare: I hate religion with passion by Akan Ido Fiery pastor of the Latter Rain Assumbly, Tunde Bakare is a man who does not hesitate to speak his mind on…

January 18, 2013

In Nigeria, it’s garbage in, garbage out – and more, in today’s news round-up with Cheta Nwanze

by Cheta Nwanze Yesterday, PWC informed us that Nigeria will be the 13th biggest economy on the planet by 2050. Where will I be by 2050? Ah, yes, by 2050,…

January 17, 2013

Niger Delta militants indict Jonathan – and more, in today’s news round-up with Cheta Nwanze

by Cheta Nwanze I would suggest to his followers, eminent and concerned Nigerians, members and leadership of his party, to find a younger person and persuade the General to go…

January 16, 2013

Money laundering: EFCC to arraign Babalakin tomorrow

Godwin Akanfe The Economic and Financial Crimes Commission (EFCC) will on Thursday arraign the Chairman of Bi-Courtney Ltd., Wale Babalakin, for an alleged N4.7 billion fraud. Babalakin was charged before…

December 13, 2012

A sense of drama – and more in today’s news round-up with Cheta Nwanze

by Cheta Nwanze The sad truth though, is that money laundering is quite a common thing among our elite in this country. Merry Christmas in advance. For those of you…

December 13, 2012

Babalakin wants to escape – EFCC raises alarm, as his lawyer abandons him

by Rachel Ogbu The Economic and Financial Crimes Commission (EFCC) recently informed a Lagos High Court that the chairman of Bi-Courtney Nigeria Limited, Bolanle Olawale Babalakin was plotting to flee…

December 12, 2012

President Jonathan’s blackmail is in full swing – and more in today’s news round-up with Cheta Nwanze

I think Mr. President should just tell us the truth, Christmas is round the corner, and money is needed to buy hampers. We won't get angry, we are Nigerians. How…

December 11, 2012

No retreat: EFCC operatives sneak into Wale Babalakin’s room to arrest him

by Isi Esene The siege laid on the businessman, Wale Babalakin, by security operatives at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos seem not to be abating. Sources say…

December 10, 2012

Security is now a serious concern – and more, in today’s news round-up with Cheta Nwanze

Professor (Mrs.) Okonjo-Iweala Despite a distinct lack of power to turn on the computers where they may exist in primary and secondary schools across the country, some egghead has decided…

December 7, 2012

We have not arrested Babalakin, we’re just watching him – EFCC

by Akan Ido The Economic and Financial Crimes Commission has denied arresting businessman and chairman of Bi-Courtney Group, Wale Babalakin who is currently on admission at the Lagos State University…

December 6, 2012

Justice comes, at last – in today’s news round-up by Cheta Nwanze

The EFCC have evidently consulted their astrologers who informed them that erstwhile big boy, Wale Babalakin's star is fading. They say the wheels of justice grind slowly but surely. I…

December 6, 2012

EFCC goes hard: 20 plain-clothes men wait for Wale Babalakin at his LUTH hospital ward

by Akan Ido The Bi-Courtney Group, has registered its displeasure at the conduct of the Economic and Financial Crimes Commission (EFCC) who have reportedly laid siege on the Lagos University…

December 4, 2012

Yo-yo policy making: Tollgates will return to federal highways soon – Works minister

by Akan Ido The minister of works, Mike Onolemenmen, has disclosed the impending re-introduction of tolls on federal highways, including the Lagos-Ibadan Expressway, to aid regular maintenance and sustainability. Onolemenmen…

November 30, 2012

James Ibori II? Bi-Courtney boss obtains court order stopping his arraignment, falls ill ‘overnight’

SaharaReporters has learned that while businessman Wale Babalakin’s lawyer was telling one court today that he was too ill to appear in court, he was in the Federal High Court…

November 27, 2012

Not cheery: Lagos-Ibadan expressway reconstruction may not start till next year

by Isi Esene This is not cheering news for those planning to take their annual trip from Lagos to the eastern part of the country as reports indicate that the…

November 25, 2012

Simon Kolawole: Jonathan, don’t drop the ball

Too much money is wasted or stolen, and you cannot but wonder how many more roads or schools or hospitals the loot could have built. Increasingly, it appears two major…

November 22, 2012

We did the right thing – FG defends its decision on Bi-Courtney, choice of Julius Berger and RCC

by Isi Esene The Federal Government yesterday maintained that its revocation of the contract between it and the Bi-Courtney Consortium for the reconstruction, maintenance and management of the Lagos-Ibadan expressway…

November 21, 2012

It pours: Money laundering charges filed against Bi-Courtney boss, Wale Babalakin

by Isi Esene There are reports that the Economic and Financial Crimes Commission (EFCC) on Wednesday charged the chairman of Bi-Courtney Consortium, Wale Babalakin for money laundering. Sources say the…

November 20, 2012

“Bi-Courtney is incapable,” says FG as it terminates concession contract for Lagos-Ibadan Expressway

by Isi Esene The Federal Government on Monday announced the cancellation of its concessionary agreement with the Bi-Courtney Consortium for the construction of the 125-kilometre Lagos–Ibadan Expressway. The FG accused…

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