A former Minister of State for Defence, Senator Musiliu Obanikoro who is being held by the Economic and Financial Crimes Commission over money laundering allegations has signed an undertaking to return N480m to the Federal Government.
According to Punch, he was also forced to submit his United States of America and Nigerian passports to the EFCC. In order to facilitate his release, Obanikoro has has provided two sureties who are directors in the Federal Civil Service as part of the conditions given for his release.
A 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.”
Obanikoro has been in EFCC custody since he returned to the country on October 17, 2016 after surrendering himself to the commission in Abuja.
He was detained for his alleged role in the diversion of N4.7bn from the imprest account of the Office of the National Security Adviser. The money was said to have been paid into the bank account of Sylvan McNamara, a company in which his two sons, Babajide and Gbolahan, were directors at the time.
Obanikoro reportedly told detectives that out of the N4.7bn, he paid N3.880bn to Ayodele Fayose and Senator Iyiola Omisore in July 2014, when they were the Peoples Democratic Party governorship candidates of Ekiti and Osun states respectively.