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Few Hours After Arrest, Wale Babalakin Is Released

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SAN FRANCISCO, December 24, (THEWILL) – The EFCC has released Mr. Wale Babalakin barely five hours after his arrest in Lagos.

Sources at the commission told THEWILL that the businessman was released on “administrative bail” because he still looked frail after his discharge from a Lagos hospital where operatives of the EFCC had kept vigil for days in order to take him into custody.

Mr. Babalakin has a court date in January as he battles the money laundering allegations preferred against him by the anti-graft agency.