Musiliu Obanikoro Returns N100m To EFCC


A former Minister of State for Defence, Musiliu Obanikoro, has reportedly returned  the sum of N100 million to the Nigerian government following his arrest by the Economic and Financial Crimes Commission, EFCC.

According to Premium Times, sources close to the former minister and others at the anti-graft agency confirmed the payment.

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The sources said the EFCC chairman, Ibrahim Magu, rejected the offer and asked for more return by the embattled former senator.

Mr. Magu, sources said, demanded that the former minister sign an undertaking to pay back N600 million within a stipulated time. The former minister rejected the demands, saying the money was too much.

The source, however, noted that  Mr. Obanikoro, has continued to cooperate with his interrogators.

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EFCC spokesperson, Wilson Uwujaren, also confirmed that Obanikoro had indeed returned some money. He, however, said the EFCC was still verifying the payments and continuing its investigation.

Musiliu Obanikoro was detained after he presented himself to the agency for investigations into the alleged receipt of N2 billion from former National Security Adviser, Sambo Dasuki.

Opening up after his detention, the former minister admitted he gave the sum of N2.3 billion to the Governor of Ekiti State, Ayodele Fayose, in the run-up to the Ekiti State governorship election in 2014.

Obanikoro, reportedly told EFCC operatives that the cash was wired into a company, Sylva Mcnamara’s bank account within seven months, in 2014.

The former minister said  the sum of N1.3 billion cash was brought in a bullion van by Diamond Bank on the instruction of the NSA, N60 million was converted to dollars at the rate of N168 per dollar and altogether the sum of $5,377,000 was handed over to Mr. Fayose, while the N1.3 billion was received by Mr. Fayose’s associate, Mr. Abiodun Agbele in the presence of his Aide-de-Camp (ADC), Lt. Adewale who also accompanied them to the bank along with the bank officials.

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Obanikoro, noted  that part of the cash was used to ward off Boko Haram aggression in Lagos and in the South-West in general.