The detained former Minister of State for Defence, Senator Musiliu Obanikoro, has offered to refund N785million out of the N4.685 billion traced to a company linked with him from the Office of the National Security Adviser.
It would be recalled that Obanikoro had detailed how he gave N3.880 billion to Governor Ayodele Fayose and Senator Iyiola Omisore for 2014 governorship elections in Ekiti and Osun states, leaving a balance of N785 million.
According to the embattled former minister, the balance of N785 million was for anti-Boko Haram campaign in Lagos and the Southwest.
An EFCC source disclosed that Obanikoro is targeting raising an initial N100 million as a first step at securing bail.
The source said: “The ex-minister has been cooperating with detectives and he appears willing to refund some cash out of the N785 million traced to Sylvan McNamara.
“I think his associates and friends have rallied around him, having discovered that the bulk of the cash from ONSA went to Fayose and Omisore. “I think he might initially refund N100 million to get bail reprieve in order to prevail on others who benefited from the N785 million to repay the slush funds.
“The refund is one of the issues delaying the granting of bail to the ex-minister.”
Obanikoro also gave the breakdown of how the the N785 million was expended as follows:
1. procurement of souvenirs for the promotion of anti-Boko Haram insurgency in Lagos
2. N200 million for surveillance activities;
3. N200 million and other remaining funds were for operations managed by Taiwo Kareem.
According to the source, Obanikoro said, “Taiwo Kareem impressed the former NSA with his management of pre and post-election funds. To God be the glory, the two elections were carried out without any loss of life.
“When bomb blast occurred in Lagos on the 25th of June 2014, the NSA was disturbed and told me of his commitment to ensure that such doesn’t reoccur.
“He expressed the grave consequence that the reoccurrence will have not only on Lagos but the economy of the entire country.
“He emphasised the need for local input to complement the activities of security agencies. This is how Sylvan McNamara was introduced.”

Thank GoD he's not elected as lagos state governor then, if elected he should have ruin lagos by now.

Obanikoro is a chicken

lalasticlala, myndd44