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 to me was an ugly verbal brawl within the premises of the Federal High Court in Lagos. One was Mr. Olisa Agbakoba and the other... Read More

AMCON, Olisa Agbakoba, olusegun obasanjo, opinion, Wale Babalakin, ynaija

September 27, 2014

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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 High Court sitting in Lagos to hand over its concessionary powers to AMCON. The court also ordered that all Bi-Courtney’s account in banks to be... Read More

The News Blog

AMCON, Bi-Courntey, lagos, MMA2, Wale Babalakin

November 3, 2013

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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 have been some allusions, both from official and unofficial quarters, to the fact that some influential individuals with stakes in the aviation sector, led by... Read More

aviation, bi-coutney, court, FAAN, opinion, Remi Ladigbolu, stella oduah, Wale Babalakin, ynaija

July 9, 2013

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“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 N4.7 billion fraud trial because he has health issue and is in crutches. Babalakin alongside an associate, Alex Okoh are being prosecuted for allegedly transferring... Read More

Abiodun Layonu, Alex Okoh, EFCC, James Ibori, Justice Adeniyi Onigbanjo, Stabilini Visioni, Wale Babalakin

May 8, 2013

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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. The issues of salaries, arrears, pensions, deductions, legal or not, in the Nigerian workspace, is one that is testy at best and poisonous at worst.... Read More

Asari Dokubo, boko haram, Cheta Nwanze, christian, Muslim, NUJ, Wale Babalakin

March 27, 2013

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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 the permission to do so. On February 28, Justice Adeniyi Onigbanjo had granted Babalakin consent to travel abroad for his medical treatment. Yesterday while presiding on another... Read More

Chairman of Bi-Courtney Ltd., criminal conduct, Economic and Financial Crimes Commission, EFCC, Wale Babalakin

March 25, 2013

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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 costs in Nigeria are two to four times as high per kilometre as those in the United States, and travel times along key export corridors... Read More

Bi-Courtney, infrastructure, LAgos-Ibadan Expressway, Lekki Concession Company, Lekki expressway, nigeria, Public private partnership, Wale Babalakin

March 1, 2013

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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 adequate medical treatment. Babalakin’s passport was seized by the Court as he is being prosecuted by the Economic and Financial Crimes Commission for allegedly transferring... Read More

EFCC, James Ibori, Lagos High Court, Rotimi Jacobs, Wale Babalakin

February 28, 2013

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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 Babalakin cares a hoot about the well being and welfare of Yoruba personnel in the Aviation Ministry and its Agencies… “In almost twenty years of... Read More

AMCON, aviation, Bi-Courtney Group, Dele Sobowale, nigeria, stella oduah, Wale Babalakin, Yoruba

February 25, 2013

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

by Rachel Ogbu 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 Governor, James Ibori. Babalakin reappears in court after Justice Adeniyi Onigbanjo, granted him and his co-accused, Alex Okoh bail on self-recognition after their indictment on January 17. According... Read More

N4.7bn Ibori's loot, Wale Babalakin

February 23, 2013

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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 very fabric of our existence. Fellow Nigerians, I made my first trip to Abuja in nearly two years yesterday morning. Let me confess that Abuja... Read More

Abuja, Benin, Dele Momodu, dubai, infrastructure, lagos, nigeria, saudi arabia, Wale Babalakin

January 19, 2013

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

by Akan Ido Fiery pastor of the Latter Rain Assumbly, Tunde Bakare is a man who does not hesitate to speak his mind on issue as it concerns Nigeria. In this Punch Newspaper interview, the former running mate of Maj.-Gen. Muhammadu Buhari in the last presidential election and the Convener of the Save Nigeria Group... Read More

corrruption, Ebora, Goodluck Jonathan, Latter Rain Assembly, nigeria, olusegun obasanjo, Owu, Religion, Tunde Bakare, Wale Babalakin

January 18, 2013

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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, I will be preparing to become the head of the Nigerian Ports Authority. To be honest, the Lance Armstrong shindig is the biggest story on... Read More

Alpha Jet, EFCC, lance armstrong, mali, Oprah Winfrey, police, Umaru Abdulrahaman, Wale Babalakin

January 17, 2013

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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 play with his grandchildren and stay out of the news. Ateke Tom and Boyloaf have made the transition from being hired guns to being the... Read More

Ateke Tom, Cheta Nwanze, EFCC, General Boyloaf, Goodluck Jonathan, Muhammadu Buhari, nigeria, Wale Babalakin, Wilson Uwujaren

January 16, 2013

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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 Justice Adeniyi Onigbanjo of a Lagos High Court in Ikeja. He was charged alongside Alex Okoh, Stabilini Visioni Ltd., Bi-Courtney Ltd. and Renix Nigeria Ltd.... Read More

Adeniyi Onigbanjo, Akex Okoh, Bi-Courtney Group, EFCC, Luth, Rotimi Jacobs, Wale Babalakin

December 13, 2012

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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 who like Chxta will be making the annual trek Eastwards for the holiday, be careful not to spend your annual salary at one of the... Read More

Governor Lamido, James Ibori, money laundeing, ncc, nuhu ribadu, Wale Babalakin

December 13, 2012

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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 the country. The planned arraignment of Babalakin, who is in hospital and four others by the EFCC over an alleged N4.7 billion fraud, took a... Read More

Bi-Courtney, Bolanle Olawale Babalakin, Economic and Financial Crimes Commission, EFCC, Fraud, Wale Babalakin

December 12, 2012

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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 una dey? As things are, the Presidential blackmail is on in full swing. Yesterday, the President presented a supplementary budget to the National Assembly seeking... Read More

Ali Ndume, EFCC, Emmanuel Uduaghan, kidnap, Luth, ngozi okonjo iweala, Wale Babalakin

December 11, 2012

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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 there is an increased number of Economic and Financial Crimes Commission (EFCC) operatives and riot policemen in the hospital premises. There are also speculations that... Read More

Bi-Courtney Group, Dipo Kehinde, EFCC, James Ibori, Luth, money laundering, Wale Babalakin

December 10, 2012

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

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 to make ICT based exams compulsory for matriculation exams in Nigeria. Sad news yesterday, the mother of the coordinating minister for our economy has been kidnapped. This is... Read More

computer, EFCC, kidnap, Okonjo-Iweala, sports festival, Wale Babalakin

December 7, 2012

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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 Teaching Hospital, Idi Araba, Lagos. Speculations have been rife that the businessman, who is wanted by the EFCC over allegations of money laundering, has been... Read More

Bi-Courtney Group, Dipo Kehinde, EFCC, James Ibori, Luth, money laundering, Wale Babalakin

December 6, 2012

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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 used to dispute that with regards this country that I call home, but I am sure that John Eremi Azuma, Pastor Bassey Eyo Bassey, Eze... Read More

Bassey Anthony Aroke, Benjamin Okorie, Bukola Alli, Douglas Egbe Ego and Aja Francis, Ekwor Riman Ekor, Eze Bassey Enya, Henry Ofewa, Joe Anthony Aroke, John Eremi Azuma, Joseph Odu Arreh, mikel obi, Okorie John Odah, Pastor Bassey Eyo Bassey, Sunday Bassey Okpa, Sunday Enya Egbe, Wale Babalakin

December 6, 2012

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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 Teaching Hospital (LUTH), Idi-Araba, Lagos, where its Chairman, Wale Babalakin is receiving treatment for an undisclosed ailment. The construction firm’s spokesman, Dipo Kehinde, says the... Read More

Akin Osibogun, Bi-Courtney, Dipo Kehinde, EFCC, Luth, Wale Babalakin, Wilson Uwujaren

December 4, 2012

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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 spoke to journalists on Monday while on tour of North/South road from Lagos-Ibadan Expressway linking Ibadan-Oyo-Ogbomoso-Ilorin Road extending to Jebba, Mokwa, Kaduna, Kano and other... Read More

Bi-Courtney Consortium, expressway, Ibadan, Ilorin, lagos, Mike Onolemenmen, Oghbomosho, Oyo, RCC Limited, tollbooths, Wale Babalakin

November 30, 2012

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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 in Lagos obtaining an administrative injunction to prevent the Economic and Financial Crimes Commission (EFCC) from laying a finger on him or infringing on his... Read More

Alex Okoh, Bi-Courtney Consortium, Bolaji Ayorinde, EFCC, James Ibori, Julius Berger, Renix Nigeria Limited, Rotimi Jacobs, Stabilini Visinoni Limited, Wale Babalakin

November 27, 2012

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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 comprehensive reconstruction work planned to be undertaken on the ever busy Lagos-Ibadan expressway will not commence until next year. Instead, Messrs Julius Berger Nigeria Plc... Read More

Bi-Courtney Consortium, construction, FG, Julius Berger, LAgos-Ibadan Expressway, Mike Onolememen, RCC, Wale Babalakin

November 25, 2012

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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 things will eventually define the administration of President Goodluck Jonathan: the power sector and the anti-graft war. Don’t misunderstand me – we need massive infrastructural... Read More

Bi-Courtney, corruption, Cosmas Maduka, EFCC, Electricity, Fraud, fuel subsidy probe, Goodluck Jonathan, Ifeanyi Ubah, olusegun obasanjo, Umar Musa Yar'Adua, Wale Babalakin

November 22, 2012

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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 is in order and in accordance with their agreement. The FG stance was articulated by the minister of works, Mike Onolememen, who stated this said... Read More

agreement, Bi-Courtney Consortium, contract, FG, LAgos-Ibadan Expressway, Mike Onolememen, road construction, Wale Babalakin

November 21, 2012

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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 charges were filed earlier today at a Lagos Court in Ikeja. The Federal Government had on Monday cancelled the contract awarded to his company for... Read More

Asaba, Bi-Courtney Consortium, construction, delta state, EFCC, ikeja, James Ibori, LAgos-Ibadan Expressway, money laudering, Wale Babalakin

November 20, 2012

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“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 the management of the consortium led by businessman, Wale Babalakin of serially breaching the terms of the agreement signed by both parties on May 26,... Read More

Bi-Courtney, Concession, Dipo Kehinde, Goodluck Jonathan, Julius Berger, lagos-ibadan, Mike Onolememen, RCC, Wale Babalakin

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

Bi-Courtney goes bust, AMCON takes over

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

“Wale Babalakin is on crutches,” lawyer tells court

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

Again court grants Wale Babalakin leave to travel abroad

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

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

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

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

Dele Momodu: Abuja on my mind

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

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

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

Money laundering: EFCC to arraign Babalakin tomorrow

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

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

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

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

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

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

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

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

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

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

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

Simon Kolawole: Jonathan, don’t drop the ball

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

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

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

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