By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Obanikoro Returns N30m to EFCC As He Vows to Return N450m In 2017
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
NewsPolitics

Obanikoro Returns N30m to EFCC As He Vows to Return N450m In 2017

Farouk Mohammed
By Farouk Mohammed
Published: November 30, 2016
Share
2 Min Read
SHARE

Obanikoro

Former Minister of State for Defence has returned another N30m to the Economic and Financial Crimes Commission thus bringing the total sum he has returned so far to N134m.

 

Contents
ObanikoroFormer Minister of State for Defence has returned another N30m to the Economic and Financial Crimes Commission thus bringing the total sum he has returned so far to N134m.

Musiliu-Obanikoro-690x450-1-1-1-1-1-1-1-1-1-1-1-1-1

It will be recalled that Obanikoro some weeks ago was released on bail and as part of the conditions for his release he was said to have agreed to return N480m out of the N4.7 billion which the Economic and Financial Crimes Commission EFCC said he will be made to account for. Obanikoro during the release he returned N100m and has pledged to return N480m.

According to the Vanguard, N30m returned was as part of the N4.7 billion traced to firms linked to him

- Advertisement -

“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.

“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,” the top source revealed.

On arrival to Nigeria last month, Obanikoro had revealed in his statement to the EFCC, that he gave Fayose N2.23 billion and $5,377,000 in cash while his associate, Mr. Abiodun Agbele, got N1.3 billion.

Obanikoro admitted that the N1.3 billion was flown to Akure airport in two chartered flights for delivery to Agbele. The former minister said he also gave N1.7 billion to a former Osun Deputy Governor, Senator Iyiola Omisore, but did not say what the money was meant for.

- Advertisement -

The money was sourced from the $2.1billion meant for arms purchase at the ONSA. But Fayose has spit fire over Obanikoro’s revelations and accused the EFCC of bringing him from the U.S under an arrangement to give him a ‘soft landing’ and use him to nail him (Fayose) and others named in the arms scam.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:EFCCObanikoro
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article On Becoming: 17 Shocking Revelations Toke Makinwa Made About Maje Ayida (READ)
Next Article Checkout Awesome Photos Of Kcee & His Massive Shoe Closet

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Dangote Refinery Unveils N720bn CNG Truck Fleet to Slash Fuel Costs, Save Nigeria Over N1.7trn Annually
Energy & Oil
Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations
Security
NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation
News
Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Aminu Dantata to be Buried in Madinah After Saudi Approval

Muhammad A. Aliyu
Muhammad A. Aliyu
June 29, 2025
CrimeVideo

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?