Business & Finance

Finally!! Ex-Minister, Obanikoro Returns N100m To EFCC


A previous Minister of State for Defence, Musiliu Obanikoro, has returned N100m to the administration taking after his capture by the Economic and Financial Crimes Commission, EFCC, for extortion. Sources near the previous Minister and others at the counter unite office affirmed the installment. The sources told PT that the EFCC executive, Ibrahim Magu, rejected the offer and requested more return by the troubled previous representative.

Mr. Magu, sources said, requested that the previous priest sign an endeavor to pay back N600m inside a stipulated time.The former minister rejected the demands, saying he had no means of raising such amount. “He refused to sign the pledge, saying the money was too much,” an EFCC source said. The source said Obanikoro, nonetheless, continued to cooperate with his interrogators. “He had really carried himself very well since he got here, really cooperating with everyone.”

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EFCC spokesperson, Wilson Uwujaren, confirmed that Obanikoro had indeed returned some money. He, however, said the EFCC was still verifying the payments and continuing its investigation. Obanikoro was remanded in custody after turning himself in to the anti-graft agency on October 17. He is accused of accepting more than N2billion from the embattled former NSA, Sambo Dasuki.

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