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Obanikoro to return N480m; submits US passport to FG for his release


– Senator Musiliu Obanikoro has continued to cooperate with the EFCC

– The former minister agreed to refund N480 million

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– He also submitted his US and Nigerian passport

Senator Musiliu Obanikoro has agreed to return N480 million to the federal government in an undertaking he signed.

The former minister who returned from the United States and willingly submitted to the Economic and Financial Crimes Commission (EFCC) has been cooperating with the anti-graft agency.

The Punch reports that Obanikoro submitted his Nigerian and American passports to the EFCC as part of the conditions for his release.

An EFCC 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.”

Since he willingly submitted to the anti-graft agency for questioning, Obanikoro has been cooperating by providing details of how N3.880billion was given to Governor Ayodele Fayose and Sen. Iyiola Omisore from Sylva McNamara Limited, a company allegedly linked to him.

The EFCC challenged Obanikoro with evidence that he also received N785m from the money and asked him to return it.

An EFCC source said: “Obanikoro claimed that he used part of his own share to do an anti-Boko Haram campaign in Lagos in 2014. However, we found out that he wasn’t telling the whole truth because some of the money was spent on his governorship campaign when he was contesting against Jimi Agbaje during the PDP primary.

“So, we asked him to return his own share of the money and he has promised to do so.”

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