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Bi-Courtney boss charged for laundering N2bn

21 November 2012, 16:12

Abuja - The CEO of Bi-Courtney, Wale Babalakin, has been charged by the Economic and Financial Crimes Commission for money laundering of about N2 billion, Premium Times reports.

The Federal Government had announced the cancellation of its contract agreement with Bi-Courtney on the Lagos-Ibadan Expressway on Monday.

On Tuesday, the Ondo Government announced its readiness to revoke a N4.8 billion road contract awarded to Homan Engineering Limited, owned by Mr. Babalakin.

More on Premium Times

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