The Economic and Financial Crimes Commission has slammed a 27 count charge against the Chairman of Bi-Courtney, Dr. Olawale Babalakin, and four others for allegedly laundering over N3.4 billion through Mauritius for a former Governor of Delta State, Chief James Onanefe Ibori.
The money was allegedly used by Ibori to purchase a private jet.
Others charged along with Babalakin are Stabilini Vision Limited, Bi-Courtney Limited, Alex Okoh and Renix Nigeria Limited.
The accused were also alleged to have siphoned $11.3 million abroad for Ibori through Erin Aviation in Mauritius.
The charges were filed on November 21, 2012 in the High Court of Lagos State, Ikeja Division by A.M. Yusuf on behalf of the EFCC and the Attorney General of the Federation and Minister of Justice.
The charge sheet reads in part: “That you, Dr. Bolanle Olawale Babalakin, Stabilini Visioni Limited and Bi-Courtney Limited, between May 2006 and December 2006 within the jurisdiction of this Honourable Court did corruptly confer benefit on former Governor James Onanefe Ibori to wit: the sum of N1, 356, 600b on account of contracts awarded by Delta State Government through various third parties to Erin Aviation Account in Mauritius for the purchase of Challenger Jet Aircraft by the said James Onanefe Ibori.
“That you, Dr. Bolanle Olawale Babalakin, Stabilini Visioni Limited and Bi-Courtney Limited on or about 3rd May 2006 within the jurisdiction of this Honourable Court did corruptly confer benefit on former Governor James Onanefe Ibori to wit: the sum of N145,500,000 on account of contracts awarded by Delta State Government to Stabilini Visioni Limited by transferring the said sum through third parties to Erin Aviation Account in Mauritius for the purchase of Challenger Jet Aircraft by the said James Onanefe Ibori.
“That you, Dr. Bolanle Olawale Babalakin, Stabilini Visioni Limited and Bi-Courtney Limited on or about 10th May 2006 within the jurisdiction of this Honourable Court did corruptly confer benefit on former Governor James Onanefe Ibori to wit: the sum of N141million awarded by Delta State Government to Stabilini Visioni Limited by transferring the said sum through third parties to Erin Aviation Account in Mauritius for the purchase of Challenger Jet Aircraft by the said James Onanefe Ibori.
“That you, Dr. Bolanle Olawale Babalakin, Stabilini Visioni Limited and Bi-Courtney Limited on or about 10th May 2006 within the jurisdiction of this Honourable Court did corruptly confer benefit on former Governor James Onanefe Ibori to wit: the sum of N118million awarded by Delta State Government to Stabilini Visioni Limited by transferring the said sum through third parties to Erin Aviation Account in Mauritius for the purchase of Challenger Jet Aircraft by the said James Onanefe Ibori.
“That you. Dr. Bolanle Olawale Babalakin, Alex Okoh, Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited on or about 15th May 2006 within the jurisdiction of this Honourable Court did retain the control of proceeds of financial crime to wit: the sum of $500,000 on behalf of James Onanefe Ibori by transferring the said sum to Erin Aviation account in Mauritius through Interactive Technologies Limited/ TN FOCUS and which sum you knew was as a result of criminal conduct by the said James Onanefe Ibori.
“That you, Dr. Bolanle Olawale Babalakin, Alex Okoh, Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited on or about 26th May 2006 within the jurisdiction of this Honourable Court did retain the control of proceeds of financial crime to wit: the sum of $1m on behalf of James Onanefe Ibori by transferring the said sum to Erin Aviation account in Mauritius through Interactive Technologies Limited which sum you knew was as a result of criminal conduct by the said James Onanefe Ibori.
“That you, Dr. Bolanle Olawale Babalakin, Alex Okoh, Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited on or about 7th June, 2006 within the jurisdiction of this Honourable Court did retain the control of proceeds of financial crime to wit: the sum of $1.5m on behalf of James Onanefe Ibori by transferring the said sum to Erin Aviation account in Mauritius through Interactive Technologies Limited which sum you knew was as a result of criminal conduct by the said James Onanefe Ibori.
“That you, Dr. Bolanle Olawale Babalakin, Alex Okoh, Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited on or about 3rd October, 2006 within the jurisdiction of this Honourable Court did retain the control of proceeds of financial crime to wit: the sum of $1m on behalf of James Onanefe Ibori by transferring the said sum to Erin Aviation account in Mauritius through SOPETROL OIL and GAS LIMITED and which sum you knew was as a result of criminal conduct by the said James Onanefe Ibori.
“That you, Dr. Bolanle Olawale Babalakin, Alex Okoh, Stabilini Visioni Limited, Bi-Courtney Limited and Renix Nigeria Limited on or about 17th November, 2006 within the jurisdiction of this Honourable Court did retain the control of proceeds of financial crime to wit: the sum of $2m on behalf of James Onanefe Ibori by transferring the said sum to Erin Aviation account in Mauritius through HYUNDAI HEAVY INDUSTRIES and which sum you knew was as a result of criminal conduct by the said James Onanefe Ibori.”
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