He was arraigned on Wednesday by the Economic and Financial Crimes Commission, EFCC, over alleged involvement in money laundering of over $140,000 during the last general elections.

Justice Nicholas Oweibo presided over the court.

Babalele pleaded not guilty to the charges against him, but was ordered detained in EFCC custody pending the bail application on Thursday.

As part of the bail conditions granted, he was to provide one surety in like sum.

The surety, it was stated, must be resident in Lagos and must produce evidence of means through an affidavit.

Babalele was also ordered to deposit his passport with the court.

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The order was given by the Federal High Court in Lagos presided over by Justice Nicholas Oweibo.

Babalele, Atiku’s son-in-law was arraigned over alleged case of money laundering involving over $140,000 during the 2019 election.

Also arraigned was Atiku’s lawyer, Uyiekpen Osagie-Giwa, over $2 million cash said to have been laundered during the election too.

The two men denied the allegation against them by the EFCC.

The court adjourned the case till Thursday when their bail application would be made.

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