The ministers’ various contributions and those of FAAN were a reflection of what it takes to do business with the government, even when the administration under which they served had good intentions. Other private investors and prospective ones need to learn a lesson or two from this experience
Browsing: Dr. Wale Babalakin
This is coming about three months after Babalakin was appointed, specifically on January 6, 2017, as the Chairman of the 16-member Federal Government Committee to Renegotiate the 2009 Agreement the government signed with the Academic Staff Union of Universities, Senior Staff Association of Nigerian Universities, National Association of Academic Technologists and Non-Academic Staff Union of Associated & Allied Institutions
The reconstitution of the Board was announced on Friday
The 10th memorial lecture in honour of the late legal icon, Kehinde Sofola
Speaking on the topic: “Focus on Nigeria’s Aviation Sector,” on a Channels TV programme, The Crux, Babalakin, whose firm, Bi-Courtney Aviation Services Limited, manages the Murtala Muhammed Airport Two, said infrastructure deficit was a deliberate position of the government
The Minister of Education, Malam Adamu Adamu, who performed the inauguration, said it was a demonstration of the Federal Government’s commitment to fulfilling its promises
This was disclosed in a statement issued by the Director of Press of the Federal Ministry of Education, Ihuoma Chinenye, on Friday in Abuja
The court found the preliminary objection of the Attorney General of the Federation dated November 16, 2015 challenging the jurisdiction to hear and determine the case as “meritorious”
Justice James Tsoho of a Federal High Court, Lagos on Monday withdrew from a suit filed by Dr. Wale Babalakin…
Speaking on the “Suitability of PPPs in the Nigerian Terrain”, one of the panelists, Dr. Wale Babalakin (SAN), said: “Nigeria is not a rich country. In the last three years, Nigeria’s total revenue has been equal to its total expenditure, so money spent on capital projects are being borrowed. The government is bankrupt, so it will never be able to fund major projects. No federal road has been completed in less than 10 years
In a ruling delivered on Monday, Justice Tsoho said the ex-parte order granted Babalakin was intended as a brief intervention to prevent injury and not meant to last a long time
After two years in court, the Judge ruled that there was no basis for the charges and consequently struck out the charges. He discharged Babalakin and other defendants. The court observed that the entire 27 charges did not contain any single charge that constituted an offence under the laws of Nigeria
Babalakin, the Chairman of Bi-Courtney Construction Company, would be assisted by an Economist, Ahmed Popoola, the Managing Director CRC Credit Bureau Limited, as Lead Discussant
Paragraphs three and four of the order say: “An order directing the Defendant/Respondent (Attorney General of the Federation), being the Chief Law Officer and legal representative of the Federal Government of Nigeria and all its agents/agencies, including the government institutions and bodies responsible for the payment of the sum due to the Applicant, to mandatorily compel the said government institutions and bodies to immediately comply with the judgment of this Honourable Court by making without any further delay the payment of N132,540,580,304.00 to the Plaintiff/Applicant (Bi-Courtney) in fulfilment of the aforesaid order of this Honourable Court
Dr. Wale Babalakin is an entrepreneur with a keen nose for the unusual and a healthy capacity to undertake great risks for great gains. He is young, he is brilliant, and he can see possibilities far beyond the ordinary eye. His profile rose when, almost from the blue, during President Olusegun Obasanjo years, his company Bi-Courtney Ltd got the concession to rebuild and operate the Murtala Muhammed Airport 2 (MMA2). The product was a masterpiece that brought freshness and quality of international standard to the airport
Tayo Olukotun, who held brief for Rotimi Jacobs (SAN), said the prosecution was not informed about Babalakin’s absence until the defence counsel told the court
Babalakin was arraigned before Justice Adeniyi Onigbanjo of the Lagos High Court, Ikeja by the Economic and Financial Crimes Commission alongside Alex Okoh and three companies: Stabilini Vision Limited, Bi-Courtney Limited and Renix Nigeria Limited
Babalakin was arraigned on Thursday morning before Justice Adeniyi Onigbanjo by the Economic and Financial Crimes Commission for alleged criminal conspiracy and money laundering to the tune of N4.7 billion
Babalakin, in an update on the statement by his media aide, Dipo Kehinde, said that contrary to the position of the EFCC that he was avoiding prosecution, which led to the EFCC declaring him wanted, he was set for his arraignment in connection with a case of criminal conspiracy and money laundering to the tune of N4.7 billion
However, Kehinde told The Eagle Online that the EFCC’s declaration of Babalakin wanted was to embarrass him