N4.7bn Fraud: Obanikoro Returns N134m, Promises To Repay N450m In 2017


A former Minister of State for Defence, Senator Musiliu Obanikoro, accused of receiving N4.7bn slush funds from the Office of the National Security Adviser under the leadership of Col. Sambo Dasuki (retd.), on Monday returned a paltry N30million to the Economic and Financial Crimes Commission.

However that refund brings the total amount of money he has returned to the EFCC to N134m. The former minister had in October returned N104m to the commission

“Obanikoro came on Monday and presented a draft of about N30m. Initially we did not want to collect it because it is small compared to what he is supposed to have given us. However, the legal department advised us to collect it,” a source at EFCC told the Punch.
At the EFCC office on Monday, Obanikoro promised the detectives that he would return the remaining N450m in 2017.

The source said, “About N450m is remaining and Obanikoro has promised to pay the rest in 2017. He will also be reporting at our office every two weeks.”

Obanikoro had in his statement to the EFCC said that after receiving the money in 2014, he gave N1.219bn to the then governorship candidate of the Peoples Democratic Party in Ekiti State, Mr. Ayodele Fayose, while N1.3bn was given to the PDP candidate in Osun State, Senator Iyiola Omisore.

He also confessed to giving Fayose a separate $5.377m at Spotless Hotel in Ekiti State in the presence of party leaders including the then PDP Secretary, Mr. Tope Aluko.

Obanikoro was said to have kept about N785m for himself, which he allegedly spent while campaigning ahead of the PDP governorship primary in Lagos State.

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