Obanikoro Finally Opens Up, Says He Gave Fayose N2.3bn


Former Minister of State for Defence, Senator Musiliu Obanikoro has told the Economic and Financial Crimes Commission, EFCC, that 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, who is still in custody reportedly told EFCC operatives that the cash was wired into a company, Sylva Mcnamara’s bank account within seven months, in 2014.

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According to the EFCC source, the former minister admitted that 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 him (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.

Ayo Fayose
Ayo Fayose

Obanikoro also said the money was moved from the Lagos airport to Akure airport in two flights. He added that he instructed that the money be handed over to the governor before leaving with the first flight

The source said Obanikoro, however, maintained that part of the cash was used to ward off Boko Haram aggression in Lagos and in the South-West in general.

The former minister also said N1.3 billion was given to Senator Iyiola Omisore, who was governorship candidate of the People’s Democratic Party (PDP) for Osun State election.

He reportedly showed proof of how he directed sharing of money to accounts of six Bureaux de Change, in Abuja.

The former Minister of State for Defense arrived Nigeria on Monday after leaving the country in 2015 amid the corruption allegations against him.

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In response to his confessions, Governor Fayose in a statement on Wednesday signed by his Special Adviser on Public Communication and New Media, Lere Olayinka, said the report was a plot by the Federal Government and the Economic and Financial Crimes Commission to implicate him “at all cost.”

Describing the voluntary return of the ex-minister to Nigeria as “dramatic and compromised, governor Fayose said he will not be distracted by his ‘confessions’.