Saturday 29 October 2016

N4.75bn arms cash: Obanikoro refunds N100.4m to EFCC … may regain freedom

A top source in the EFCC, who spoke in confidence, said: “After many days of foot-dragging, the ex-Minister has paid back N100.4million out of about N785million allegedly collected from the Office of National Security Adviser (ONSA)
by Sylvan McNamara Limited, a company  which was allegedly linked to him.
“I think we may grant him bail to give him time to look
for the balance of the cash. We are trying to verify the government account he paid into and we want to confirm the payment. We may release him any moment from now after the confirmation.
“This, however, does not mean that we are dropping any charges against him. Our objective is first of all to recover the illegal funds. The decision on his trial will depend on the review of his case and the extent to which he is liable.
“You know the ex-Minister has admitted flying over N1.299billion to Akure in two shuttles for Governor Ayodele Fayose. The cash was collected by Fayose’s associate, Abiodun Agbele, who is currently on trial.
“Obanikoro also confessed that he personally gave $5.377m (N60m then) cash to Fayose.  He admitted on oath that he was used to siphon public funds meant for arms purchase. These are all criminal offences which are punishable by the nation’s laws.

“The testimonies of Obanikoro will hasten his trial and ongoing prosecution of all the suspects implicated in the arms cash.”

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