Obanikoro returns N134m to EFCC… to return more N450m

Former Minister of State for Defence, Musiliu Obanikoro, has returned N30m to the Economic and Financial Crimes Commission. This brings the total he has returned to the EFCC to N134m.

A source at EFCC said, “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.”

Obanikoro had in October returned N104m to the commission. The ex-minister, who returned to Nigeria last month after spending about 15 months in the United States, was accused of receiving N4.7bn from the Office of the National Security Adviser under the leadership of Col. Sambo Dasuki (retd.).

Obanikoro had said in his statement of oath at the EFCC that after receiving the money in 2014, he gave N1.219bn to the then governorship candidate of the PDP in Ekiti State, 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 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. Mr. Jimi Agbaje won the primary.

However, the EFCC asked Obanikoro to return about N584m out of which he had already returned N134m.

At the EFCC on Monday, Obanikoro promised that he would return the remaining N450m in 2017.

The source told Punch that, “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.”

Also, at the Federal High Court in Abuja, presided over by Justice Nnamdi Dimgba last week, Alade Sunday, a manager at Zenith Bank, narrated how Obanikoro delivered about N1.219bn to Fayose’s aide, Abiodun Agbele, for onward transmission to his boss.

He had also said it took the cashiers about 10 days to count the money.

Sunday had said Obanikoro flew with the cash to Akure Airport and the money was loaded into bullion vans.

He had said, “When we got to the airport, we waited for some minutes before the aircraft arrived. When the aircraft offloaded its passengers, one of them appeared to me to be Senator Musliu Obanikoro and the other one appeared to be his ADC, Adewale.

“Agbele walked up to them and had a discussion with them. Thereafter, he signalled me to bring the van. Bags loaded with cash were loaded into the van and Obanikoro’s ADC, Agbele and I drove back to the bank.”


  1. and still some will argue he stole nothing

  2. Be bringing more o. The country needs money badly.

  3. The more you look, the less you see...........

  4. Hmmm! In as much as I am not a fan of chasing innocent people with corruption case, if this man has our money, she should bring out all of them. 2017 is too far.

  5. Olu, are you there?
    Only looking for means to get to governor Ayo Fayose. You have to wait till 2018 to prosecute him Mr Efcc and Dss.

  6. To think that this very man wanted to become lagos state governor.beats my imagination...big thief..jail the Thief ASAP

  7. Bags loaded with cash these people are not God fearing at all

  8. Ok oooo, all dis millions recovered, where are dey?

  9. Good move, so when should Efcc be expecting the remaining balance


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