N4.7bn Fraud: Obanikoro Returns N134m To EFCC, Promises To Repay N450m In 2017

Former Minister of State for Defence, Senator Musiliu Obanikoro, on Monday returned N30m to the Economic and Financial Crimes Commission. This brings the total amount of money he has returned to the EFCC to N134m.
A source at the EFCC told Punch

“Obanikoro came on Monday and presented a draft of about N30m. Initially we did not want to collect it because it is small compared to what he is supposed to have given us. However, the legal department advised us to collect it.”

At the EFCC office on Monday, Obanikoro promised the detectives that he would return the remaining N450m in 2017.
The source said,

“About N450m is remaining and Obanikoro has promised to pay the rest in 2017. He will also be reporting at our office every two weeks.

Obanikoro had in October returned N104m to the commission. The ex-minister, who returned to Nigeria last month 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.).