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 Will Account for N4.7bn Fraud – EFCC
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
News

Obanikoro Will Account for N4.7bn Fraud – EFCC

Farouk Mohammed
By Farouk Mohammed
Published: October 24, 2016
Share
4 Min Read
SHARE

Obanikoro

Former Minister of State for Defence will be made to account for the N4.7 billion traced to firms linked to him, if he is found to be culpable, a top source in the EFCC, said last night.

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

Contents
ObanikoroFormer Minister of State for Defence will be made to account for the N4.7 billion traced to firms linked to him, if he is found to be culpable, a top source in the EFCC, said last night.

The source, who spoke in confidence, pointed out that the case of the former minister, who is in the commission’s custody, would be treated strictly on its merit, contrary to insinuations that the agency ferried him into the country to be used as a prosecution witness against other suspects in the $2.1 billion arms cash.

“Let me make it clear that we did not bring the man from the United States of America to be used as a witness against any of the suspects we are investigating in respect of  the $2.1 billion arms cash scandal. “No two cases we are investigating are the same and it must be made clear that Obanikoro’s case has nothing to do with any other person being investigated by the commission. The truth of the matter is that we are just beginning the investigation of Obanikoro and evidence adduced from the probe will determine our next move against him.

“But let it be made known that if evidence establishes that he committed the suspected financial crime, we will immediately charge him to court to show that we have no support whatsoever for corruption no matter who is involved.”

- Advertisement -

The official, who was responding to allegation by Ekiti State Governor, Ayo Fayose, that Obanikoro was brought in from the U.S to nail him, pointed out that the commission did not intend to use the former minister for any trial.

“The former minister has a serious case of fraud hanging on his shoulders and we were  about to declare him wanted after raiding his home and he still did not show up. “We immediately took him for questioning as soon as he reported to the commission and his case would be determined by the evidence before us.

“Those who are making such claim have forgotten that the case against Dasuki is different from that of Obanikoro. We cannot use one suspect for another and vice versa. Each case is unique in itself and the suspects must answer for  their respective offences,” the source said.

The arrival of Obanikoro in Nigeria last Monday and the evidence he has given so far , has rattled Governor Fayose, who claimed last week that it was the EFCC, which arranged his visit to Nigeria deliberately to nail him. In his statement to the EFCC, Obanikoro admitted giving 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.

- Advertisement -

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. 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 Ghanaian Musician, Vybrant Faya Is Dead
Next Article Dangote Sacks 48 Workers

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?