Home NEWS Ex-minister Obanikoro Coughs Out N100 Million Loot To EFCC

Ex-minister Obanikoro Coughs Out N100 Million Loot To EFCC

Musiliu-ObanikoroEx Nigeria’s Minister of State for Defence, Senator Musiliu Obanikoro, has refunded the sum of N100 million to the Economic and Financial Crimes Commission (EFCC).

A top associate of the former minister said that the former minister was yet to be released after the payment of the N100 million as at yesterday, Friday.

The EFCC had given a bail condition to Obanikoro, who has been in custody since October 21, to refund the sum of N100 million as a major condition for his bail.

In his statement to the commission, Obanikoro had said that he paid the sum of N2.3  billion to the Governor of Ekiti State, Ayodele Fayose and another N1.7 billion to Senator Iyiola Omisore.

However, the commission was said to have questioned his claim that N785 million of the N4.7 billion, traced to Silva McNamara, was spent on the campaign against Boko Haram in Lagos and other parts of the South-West.

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He had said that N200 million was spent on surveillance activities and another N200 million and N385 million on operations under the supervision of Silva McNamara, a company in which, the commission says, he has interest. [myad]

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