Barely 24 hours after his detention, former Minister of State for Defence, Sen. Musiliu Obanikoro has implicated Governor Ayodele Fayose in the N4.745billion wired to a company linked to him by the Office of the National Security Adviser(ONSA).

The said cash was wired into the company, Sylva Mcnamara within seven months in 2014.

He said N2.23billion was transferred to Fayose out of the slush funds.

He said out of the sum, he handed over $5,377,000 to Fayose in cash and N1.3billion was received by the governor’s associate, Mr. Abiodun Agbele.

He admitted that the N1.3billion was flown to Akure airport in two chartered flights for delivery to Agbele.

The money was sourced from $2.1billion meant for arms from the Office of the National Security (ONSA).

Obanikoro, who opened up to EFCC detectives however said he is not the owner of Sylva Mcnamara that was used to transfer the funds to Fayose.

But he defended why the money was remitted to Mcnamara including the warding off of a plot by Boko Haram to attack Lagos.

Accompanied by his lawyer, Mr. James Onoja(SAN), the ex-Minister was confronted with a petition from ONSA which was dated November 28, 2015.

The petition was titled “Payment to companies with no contract awards or approval.”

He said having gone through the petition, he discovered that Sylva Mcnamara was No. 78 on the list of firms being investigated having “collected the aggregate sum of N4,685,000,000 between April 4, 2014 and November 13, 2014.

A top source quoted Obanikoro as saying that “the sum of N2.2billion was transferred to Sylva Mcnamara for onward transfer to Mr. Ayodele Fayose on the instruction of the NSA.

“The sum of N1.3billion cash was brought in a bullion van by Diamond Bank on the instruction of the NSA.

“In addition, the sum of N60million was converted to dollars at the rate of N168 per dollar and altogether the sum of $5,377,000 was handed over in cash by me to Mr. Fayose while the N1.3billion was received by Mr. Fayose’s associate, Mr. Abiodun Agbele in the presence of my Aide-de-Camp (ADC), Lt. Adewale who also accompanied them to the bank along with the bank officials.

“I didn’t interact with the bank officials. I called Fayose before the funds were handed over to Mr. Abiodun Agbele. I spoke to Fayose with my phone at Akure airport.”

On how the cash was transferred to Fayose, the source Obanikoro told investigators that “two flights were used to convey the money from Lagos.

The ex-Minister said he “took off with the first flight with part of the money while the second flight brought the remaining funds to Akure local airport and I directed that it should be handed over to the same person.”

The source said Obanikoro however maintained that part of the cash was used to ward off Boko Haram aggression in Lagos and in the South-West in general.

The source added: “He told us that he is not the owner of the company in question but introduced the owner, Mr. Kareem Taiwo to the NSA, Mr. Sambo Dasuki when the threat of Boko Haram became more visible in Lagos.

“He said the government wanted to “incorporate local input into the intelligence gathering and prevention of terrorist attack on Lagos and the South-West in general.”

The EFCC had discovered that Sylvan Mcnamara Limited, allegedly owned by Obanikoro and his sons, was used to launder the N4.745billion.

The company, which was incorporated in November 2011 had the following as its directors: a close aide of the ex-Minister, Ikenna Ezekwe(700,000 shares) of 51 Simpson Street, Ebute-Metta; Idowu Oshodi(299,000 shares) of 8, Prince Tayo Adesanya Street, Park View Estate, Ikoyi; and Elizabeth Adebiyi(1,000 shares) of 3, Adedoyin Street, Ijeshatedo, Surulere.

But Ikenna Ezekwe has had his accounts de-frozen by the EFCC since the slush funds were not traced to him.

A document said: “To set the stage for the use of the company for money laundering, the board of directors on May 7, 2012 passed a resolution that the company should open an account and appointed Mr. Gbolahan Obanikoro, Ikenna Ezekwe, Ms. Theresa Matuluko (Secretary) and Mr. Babajide Obanikoro as the signatories to the account.

“The board added that the signing combination be that any of the signatories can sign alone.”

According to EFCC, when it was time to illegally draw the N4.745billion from ONSA as war chest for Ekiti Governorship poll, ex-Minister Obanikoro made the account of Sylvan Mcnamara Limited available and coordinated the disbursement.

The breakdown of the disbursement was as follows: N N759, 384, 300 changed into dollars through Bureau De Change firms; N160million used to purchase cars through Balmoral International Limited; N1, 219, 490,000 ferried by Obanikoro in two flights to a branch of Zenith Bank at Plot 13, Alagbaka Estate, Akure to evacuate the cash and received by Fayose’s associate, Abiodun; balance of about N2billion withdrawn by Obanikoro and his two children in cash.

Some of the Bureau De Change companies involved in the transactions and the amounts credited to them include A.A.G.B.S OIL AND GAS (N168,000,000.00); SYLVAN MCNAMARA LTD (N167,500,000.00); NORTHLINE LTD (N835,000.00); NORTHLINE LTD (N83,750,000.00); FIVE STAR LTD N(37,600,000.00); A.B.A TRADING ENT (N268,301,500.00); VILLAGOLF BUREAU DE (N1,425,000.00); AHMAD &OMAR (N350,000.000); NORTHLINE LTD (N1,680,000.00); NORTHLINE LIMITED A (N2,325,300); REHOBOTH HOMES (20,000,0000); NORTHLINE LTD (N5,932,500.00); NORTHLINE LTD (N842,500); NORTHLINE LTD (N842,500.00).

http://saharareporters.com/2016/10/18/n47b-fraud-i-gave-fayose-5377m-cash-–-obanikoro

Ok

Waiting for a better source

Useless news

In P Square voice, wahala dey if the news is true.

And am here luking for jst N1m to support ma bizness.

Where do you guys always manufactured all these fake news from?

withdrawing billions in cash..... Naija I hail ooo

The real cause of recession is revealed

Media trial has become the fourth arms in Nigeria .

Fayose z a very stupid man. He z guilty yet babbling n fooling arond.
The thunder wey go faya d man go carry am jo jail

from thief to thief! ! Politicians in Nigeria are heartless o! !!! We don't have to leave this to God. ..if you have anything at home start using it now to curse them

Chikpat:
Fayose z a very stupid man. He z guilty yet babbling n fooling arond.
The thunder wey go faya d man go carry am jo jail

calm down guy ...if you think politicians are doing things to favor u.

Its a pure lie, so are you telling me others are innocent? It's only the thief that knows the way of the thief

Saw it here with reference to TheNation Newspaper http://www.socialtimesng.com/2016/10/n4-7b-fraud-i-gave-fayose-5-377m-in-cash-obanikoro/

No wonder he's the chief wailer!

So its all because he's the chief looter!

No peace for looters!

if this is true, it will be swept under the carpet as usual.

very soon one pharaoh's words will be against another Pharaoh's words.

imagine obanikoro saying all these $#!ts against fayose. are they not bird of the same feather

could this revelation mark the downfall of Fayose?


this might be the last straw to break his back....

Pheals:
calm down guy ...if you think politicians are doing things to favor u.

Its a pure lie, so are you telling me others are innocent? It's only the thief that knows the way of the thief

Babe! D earlier we start catching thieves d beta we bkom as a ppl, as a nation.
Buhari shud catch as many as he can 4 certainly, he cant catch all. Govt z a continuous prog, anoda president shud catch d oda thieves including Buhari if himsef z found wanting som whr, som day...

Pheals:
calm down guy ...if you think politicians are doing things to favor u.

Its a pure lie, so are you telling me others are innocent? It's only the thief that knows the way of the thief

Others not innocent does not justify anything. Should we free a thief because there are so many thieves yet to be caught?

Hmmmmmmm can this be real?


And I'm here looking for cool money to buy a trailer to improve my logistics business from Zaki Biam, Guma, Vandeikya in Benue to Portharcourt



O Di Egwu.


Well lemme just observe

Na wa

As a Lagos Indigene and Resident, I'm just so happy that Fashola won this thief in the 2007 Governorship Elections. Not to say that Fashola's admin didn't have its 'k-leg' moments, but from Tinubu to Fashola to Ambode has been progress and continuity in my state. I wonder what this mofo would've done if he had won. I don't even want to imagine what Lagos would be like now.

For the 100th time we have a new media trial from the stable of dog Buhari aka peadophile of the other room

Oboy!!! They used chattered flight to ferry money twice? Incredible.

Really sad

Well-trained thieves

Calm down. Why the insults? Just an article quoting so many unknown sources and you have passed judgement already. Wisdom makes you understand that this was cooked up. Obanikoro just submitted himself to Efcc, Fayose saved FFK'S WIFE AND SON and now this article just appeared. Can't you see its time to do media trial on FAYOSE again. Let's be smart for once. Even if you where paid to write this, for once look beyond your greed and short sightedness. The Elites are playing the masses with lots of media propaganda.

Chikpat:
Fayose z a very stupid man. He z guilty yet babbling n fooling arond.
The thunder wey go faya d man go carry am jo jail

SMOKESCREEN101:
Calm down. Why the insults? Just an article quoting so many unknown sources and you have passed judgement already. Wisdom makes you understand that this was cooked up. Obanikoro just submitted himself to Efcc, Fayose saved FFK'S WIFE AND SON and now this article just appeared. Can't you see its time to do media trial on FAYOSE again. Let's be smart for once. Even if you where paid to write this, for once look beyond your greed and short sightedness. The Elites are playing the masses with lots of media propaganda.

Is this the first time you are hearing about Ekitigate, which Fayose and Obanikoro were both heard on tape conspiring on how to rig Ekiti guber election?

By the way, didn't Obanikoro just return back on Monday, and immediately submitted himself to the efcc and has been cooperating? So, when were you expecting all these revelations to come out, Next year? Try and grow some brain.

oya yam eater carry on d 'yoots' are behind u

May God help our country