Obanikoro Undertakes To Return N480m, Tenders Passports To EFCC

Obanikoro Undertakes To Return N480m, Tenders Passports To EFCC

According to reports from Punchng, Senator Musiliu Obanikoro, former Minister of State for Defence, has signed an undertaking to return N480m to the Federal Government. He has also tendered his U.S and Nigerian passports to the EFCC, alongside two sureties who are directors in the Federal Civil Service.

A source was quoted as saying that,

“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 was detained for allegedly playing a role in the diversion of N4.7bn from the imprest account of the office of the National Security Adviser. However, he claimed that  he paid N3.880bn out of the N4.7bn to Ayodele Fayose and Senator Iyiola Omisore in July 2014, when they were the PDP governorship candidates of Ekiti and Osun states respectively, but was quickly challenged by the detectives with an evidence that he also received N785m from the money which he must return.

A source at the EFCC said,

“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.”



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