Former Nigeria minister of State for Defense, Musiliu Obanikoro has dropped the sum of N100 million, part of the alleged loot he enjoyed from Dasukigate and has therefore been left of the hook of the Economic and Financial Crime Commission (EFCC).
The N100 million he dropped, according to EFCC is an “Administrative bail” condition which he deposited in the Federal Recovery Account.
The EFCC spokesperson, Wilson Uwujaren confirmed that Obanikoro was granted “Administrative Bail” today, Friday.
The former minister has since retired to his Abuja home where family members claimed he was resting.
Obanikoro surrendered to the EFCC three weeks ago on his return to Nigeria and had since been in detention as he failed on several occasions to make the necessary refund that was a precondition for his release.
A year Ago, Obanikoro had admitted to the EFCC that he embezzled N800 million from about N4.7 billion stolen in 2014 from a budget designated for procurement of weaponry and other equipment for the Nigerian military to enhance its fight against Islamist militant group, Boko Haram.
The funds were laundered through a bank account controlled by his two sons, Babajide and Gbolahan before they were physically ferried to Ekiti state where the funds were deployed to assist Governor Ayodele Fayose to rig the governorship election in Ekiti State.
An audio tape detailing how men of the Nigerian Army discussed in detail on the rigging plan of the election by clamping down on opposition figures in the state led to the initial investigation about the massive corruption involving Obanikoro and others. [myad]
