N4.7 Billion Money Laundering: Obanikoro Visits EFCC To Answer Questions

Posted by African Examiner Featured, Latest Headlines, News Monday, October 17th, 2016

ABUJA, NIGERIA (AFRICAN EXAMINER) – Former Minister of State for Defence II, Musiliu Obanikoro at last, has responded to the invitation of the Economic and Financial Crimes Commission (EFCC), over alleged money laundering and misappropriation of the sum of N4.75 Billion, which was part of $1.2 billion arms procurement funds to end Boko Haram attack.

Obanikoro arrived Lagos from the US last weekend and left for EFCC Abuja office Monday.

The sum was released by the office of former National Security Adviser (NSA), Col. Sambo Dasuki (retd) and traced to a firm, Sylvan McNamara, in which two sons of Obanikoro, namely Babajide and Gbolahan are directors.

This prompted EFCC invitation to Obanikoro, for questioning and subsequently put him under the anti-graft body watch.

Part of the sum which EFCC alleged was released between April 2014 and December of the same year, was alleged to have been used to execute June 21, 2014, Ekiti State Governorship election in which the incumbent, Ayodele Fayose was declared as the winner.

It would be recalled Obanikoro’s wife was recently arrested at the Lagos International Airport by the security operatives in connection with the allegation. The wife was however released shortly after brief questioning.

The former Minister has since relocated to US after President Buhari’s inauguration in May 2015, claiming that he has been pre-occupied with a postgraduate degree programme in a US University.