EFCC FINALLY ARRESTS WALE BABALAKIN The Economic and Financial Crimes Commision (EFCC) on Monday arrested Businessman Wale Babalakin after he has been on admission at LUTH. He was arrested at the premises of the hospital and taken to EFCC office in Ikeja. A source said he may be granted administrative bail before his arraignment on January 17th 2013. Source: Saharareporters