Arms cash : Obanikoro returns N30m, to pay N417m more

Former Minister of State for Defence, Senator Musiliu Obanikoro, has paid a sum of N30m to the Economic and Financial Crimes Commission, with a promise to pay a balance of N417m according to PUNCH.

It is reported that with this Obanikoro has now paid N167m to the FG. A source who revealed that the Former Minister of State for Defence made the payment from his Diamond Bank account asserted that,

“I can confirm that Senator Obanikoro has been meeting up his part of the agreement. You will recall that last year, he promised to return a certain amount of money every quarter.

He has made a payment of N30m, his first instalment in 2017. He is also reporting at the EFCC as he should.”

The ex-minister, who returned to Nigeria in October 2016, after spending about 15 months in the United States, was accused of receiving N4.7bn from the Office of the National Security Adviser under the leadership of Col. Sambo Dasuki (retd.).