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Thursday, 3 November 2016

Ex-minister Obanikoro: I promise to return N480m to EFCC.


The former Minister of State for Defence, Musiliu Obanikoro who is currently in the custody of the Economic and Financial Crimes Commission has reportedly promised and signed an undertaken to return N480m to the agency, Punch reports.

It was gathered also gathered that the former minister has submitted his passports to the EFCC.

A source in the commission confirmed the news, stating that Obanikoro has earlier returned N100m

A source said, “The EFCC asked Obanikoro to submit his passports. He was only willing to drop his Nigerian passport but he has finally submitted the American one. He was asked to produce two directors, who must also present a three-month salary pay slip.

“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 on October 17 after he honoured the invitation of the EFCC.

The former minister is being investigated for his alleged role in the diversion of N4.7bn from the imprest account of the Office of the National Security Adviser.

Obanikoro reportedly said he gave N3.880bn to Ayodele Fayose and Senator Iyiola Omisore in July 2014.

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