The electric dipole transition probabilities, oscillator strengths, and lifetimes for Co16+ have been calculated within the weakest bound electron potential model (WBEPM) theory using experimental energy levels and theoretical expectation values of orbital radii corresponding to those energy levels under the assumption of the LS coupling scheme. In the calculations both multiplet and fine structure transitions are studied. The present results are consistent with earlier results given in the literature. Moreover, some transition probability and oscillator strength values not existing in the literature are reported for the first time.