Obanikoro Refunds N100m To EFCC

The detained former Minister of State for Defence, Sen.Musiliu Obanikoro, has refunded the sum of N100m to the Economic and Financial Crimes Commission.

A top associate of the former minister, who confided in  Punch correspondent, noted that the former minister had yet to be released after the payment of the N100m as of the time of filing this report by 9pm on Friday.

The EFCC had given a bail condition to Obanikoro, who has been in custody since October 21, 2016, to refund the sum of N100m as a major condition for his bail.


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

However, the commission was said to have questioned his claim that N785m of the N4.7bn traced to Silva McNamara, was spent on the campaign against Boko Haram in Lagos and other parts of the South-West.

He had said that N200m was spent on surveillance activities and another N200m and N385m on operations under the supervision of Silva McNamara, a company in which, the commission says, he has interest.