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Corruption: Obanikoro agrees to return N480m to EFCC

Senator Musiliu Obanikoro, former Minister of State for Defence, as part of the conditions for his release has been reported to have agreed to return N480m out of the N4.7 billion which the Economic and Financial Crimes Commission EFCC last week said he will be made to account for.

Aside the provission of two sureties, Obanikoro also submitted his American and Nigerian passports to the EFCC, Elombah.com learnt.


According to source who spoke in confidence, “the EFCC asked Obanikoro to submit his passports but was only willing to drop his Nigerian passport after much talks he acceded to submiting his American passport.

“We asked to produce two directors, who must also present a three-month salary pay slip. Musiliu Obanikoro “He has returned N100m and has pledged to return N480m. The actual balance is meant to be N685m, but he was able to provide receipts for some transactions.

“He paid N85m to someone and that person has been traced.

“He also bought some bulletproof vehicles when he was minister and they will be handed over to the EFCC. The cost of the vehicles will be deducted from the amount that should be returned. Having met the conditions, he should be released any time from now.”

“Obanikoro claimed that he used part of his own share to do an anti-Boko Haram campaign in Lagos in 2014. However, we found out that he wasn’t telling the whole truth because some of the money was spent on his governorship campaign when he was contesting against Jimi Agbaje during the PDP primary.

“So, we asked him to return his own share of the money and he has promised to do so.” In his statement to the EFCC soome week ago, Obanikoro admitted giving Fayose N2.23 billion and $5,377,000 in cash while his associate, Mr. Abiodun Agbele, got N1.3 billion.

“He also admitted that the N1.3 billion was flown to Akure airport in two chartered flights for delivery to Agbele. The former minister said he also gave N1.7 billion to a former Osun Deputy Governor, Senator Iyiola Omisore, but did not say what the money was meant for.

“The money was sourced from the $2.1billion meant for arms purchase at the ONSA.”

But Fayose has spit fire over Obanikoro’s revelations and accused the EFCC of bringing him from the U.S. under an arrangement to give him a ‘soft landing’ and use him to nail him (Fayose) and others named in the arms scam.

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