N2bn Fraud: Embattled Obanikoro Returns N100m to EFCC


Former Minister of State for Defence, Musiliu Obanikoro, has returned N100 million to the Nigerian government following his arrest by the Economic and Financial Crimes Commission, (EFCC).

Sources close to the former minister and others at the anti-graft agency confirmed the payment to Premium Times.

The sources said EFCC chairman, Ibrahim Magu, rejected the offer and asked for more return by the embattled former senator.

Magu demanded that the former minister sign an undertaking to pay back N600 million within a stipulated time. The former minister rejected the demands, saying he had no means of raising such an amount.

He refused to sign the pledge, saying the money was too much,” an EFCC source said.

But the source said Mr. Obanikoro, nonetheless, continued to cooperate with his interrogators.

He had really carried himself very well since he got here, really cooperating with everyone.”

The 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 N2 billion from the embattled former National Security Adviser, Sambo Dasuki.