By Tunde Niyi-Akinmade
The Economic and Financial Crimes Commission (EFCC)on Monday owned up to arresting Alhaji Babalele Abdullahi, who is the son-in-law to Alhaji Atiku Abubakar, the defeated presidential candidate of the Peoples Democratic Party (PDP),
The Commission said Babalele, who is also the Finance Director of Atiku’s group of companies, was arrested as he was engaged in money laundering to the tune of €150 million.
The anti-graft agency did not however specify how the huge sum was laundered or where it originated and where it terminated. But security sources revealed that Atiku’s son-in-law was ‘taken away’ by security agents on the suspicion that he could use hard currency to unduly influence the outcome of many polls taking place in the country.
Although the EFCC had initially kept mute over the arrest of Babalele, the agency on Monday tried to douse rising tension over the detention of the man, admitting that he was in its custody but did not indicate the exact location where the man was being kept.
“Yes, he Babalele is being investigated over alleged case of money laundering and the sum involved is €150 million.
“Let it be known that investigation into the matter is ongoing and we can confirm that Babalele is in our custody. But he will be released soon,” the source said.
Mr. Tony Orilade, EFCC Spokesperson, also confirmed the detention of Babalele, but declined further comments on the matter, insisting that the commission does not conduct its investigation in the media.
“I do not have details for now but we shall speak at the appropriate time,” Orilade stated.
The development followed complaint by Atiku that his son-in-law had been arrested by the EFCC without any justification.
A statement by Atiku’s Media Adviser, Mr. Paul Ibe, alleged that officials of EFCC at about 8.30am on Saturday invaded the Maitama residence of Babalele and arrested him after searching his house and office as well as his office at Oakland Centre in Maitama and Wuse residence.