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Obanikoro Undertakes To Return N480m, Submits Passports To EFCC - Politics - Nairaland

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Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by ijustdey: 5:57am On Nov 04, 2016
Eniola Akinkuotu, Abuja

A former Minister of State for Defence, Senator Musiliu Obanikoro, has signed an undertaking to return N480m to the Federal Government, The PUNCH has learnt.

Obanikoro has also submitted his United States of America and Nigerian passports to the Economic and Financial Crimes Commission.

In addition, the ex-minister has provided two sureties who are directors in the Federal Civil Service.

Impeccable sources told our correspondent that these were part of the conditions given to the ex-minister for his release.

A source said, “The EFCC asked Obanikoro to submit his passports. He was only willing to drop his Nigerian passport but he has finally submitted the American one. He was asked to produce two directors, who must also present a three-month salary pay slip.

“He has returned N100m and has pledged to return N480m. The actual balance is meant to be N685m, but he was able to provide receipts for some transactions. He paid N85m to someone and that person has been traced.

“He also bought some bulletproof vehicles when he was minister and they will be handed over to the EFCC. The cost of the vehicles will be deducted from the amount that should be returned. Having met the conditions, he should be released any time from now.”

Obanikoro, who left the country around June 2015, was detained by the EFCC on October 17, 2016, after returning and surrendering himself to the commission in Abuja.

He was detained for his alleged role in the diversion of N4.7bn from the imprest account of the Office of the National Security Adviser.

The money was said to have been paid into the bank account of Sylvan McNamara, a company in which his two sons, Babajide and Gbolahan, were directors at the time.

Obanikoro reportedly told detectives that out of the N4.7bn, he paid N3.880bn to Ayodele Fayose and Senator Iyiola Omisore in July 2014, when they were the Peoples Democratic Party governorship candidates of Ekiti and Osun states respectively.

However, detectives challenged Obanikoro with evidence that he also received N785m from the money and asked him to return it.

A source at the EFCC said, “Obanikoro claimed that he used part of his own share to do an anti-Boko Haram campaign in Lagos in 2014. However, we found out that he wasn’t telling the whole truth because some of the money was spent on his governorship campaign when he was contesting against Jimi Agbaje during the PDP primary.

“So, we asked him to return his own share of the money and he has promised to do so.”

Part of the money allegedly given to Fayose was converted to $5.377m and handed to him at Spotless Hotel, Ado Ekiti, in the presence of the then Ekiti State PDP Secretary, Tope Aluko, and other party stalwarts.

Abuja bizman loses filling station, complex to commission

Meanwhile, the EFCC has seized a filling station and a shopping complex from a man who described himself as a building engineer, Abdullahi Rilwan, for failing to explain where he got the money to buy the properties.

The EFCC Act Section 71 (b) gives the commission the power to commence investigations into the property of any person if it appears to the EFCC that the person’s lifestyle and extent of properties are not justified by law.

The EFCC said in a statement by its spokesman, Mr. Wilson Uwujaren, on Thursday, that Rilwan was also arrested for offences bordering on operating a land racketeering syndicate, criminal conspiracy, unlawful possession of classified documents, obtaining by false pretences and money laundering.

According to the commission, the suspect was first accosted in the Kuje Area Council of Abuja during a separate investigation into the $2.1bn arms procurement fraud.
Detectives were said to have visited the area to verify the ownership of several properties suspected to be proceeds of money laundering.

In the course of investigating the ownership of a filling station and a shopping complex both still under construction, located along Pegi Road in the Kuje Area Council, operatives gathered that Rilwan was in charge of the construction work.

The statement added, “Rilwan, who was subsequently engaged, denied ownership of the station but confirmed he was the engineer in charge of the construction work.
He admitted to being the owner of the shopping complex. He also told operatives that he was the owner of two companies, Kaibo Oil and Gas and Kaibo Properties, but could not account for his source of wealth.
“A visit to his office, however, revealed that he was involved in several shady and suspicious business deals.”

It was learnt that the revelation made EFCC operatives to beam its searchlight on Rilwan’s business activities.

Subsequently, on October 31, a search and arrest warrant was executed at his Kuje residence.

The statement added, “The search unearthed several implicating documents in his custody, many of which he uses to sell plots of land. Properties recovered from his residence in Kuje included letter-heads in the name of Kuje Area Council, allocating plots of land, an ‘Irrevocable Power of Attorney’ in favour of Air Commodore Bassey Inyang, a ‘Right of Occupancy’ document granted to Henryville Farms, Abuja, among other implicating documents.

“The filling station and the complex are currently under investigation and he would be charged to court as soon as investigations are concluded.”


http://punchng.com/obanikoro-undertakes-return-n480m-submits-passports-efcc/

6 Likes 1 Share

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by modath(f): 5:58am On Nov 04, 2016
Too small a % from the total loot but since he is cooperating, oh well. .....



“He also bought some bulletproof vehicles when he was minister and they will be handed over to the EFCC. The cost of the vehicles will be deducted from the amount that should be returned. Having met the conditions, he should be released any time from now.”

Na Stealer Oduah bonfren be dis.. grin

15 Likes 3 Shares

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by chriskosherbal(m): 5:59am On Nov 04, 2016
The returning of public funds a step in the right direction.

16 Likes 2 Shares

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by EHMIR(m): 6:11am On Nov 04, 2016
Meanwhile "dasuki couldnt have stolen that much"...jonathan 2016


yet koro is returning his much..


Fayose get ready ooo..cos if i were you,i will confiscate more cows nd sell them to raise money b4 2018grin

44 Likes 2 Shares

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by Tonyosas101(m): 6:13am On Nov 04, 2016
See as I con dey Pity this Obanikoro

Shebi 2018 go soon reach Mr fayose..as for now

8 Likes 1 Share

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by samtee37(m): 6:14am On Nov 04, 2016
Na only on paper we take dey see this money nw.. .

It's time for us to see the real Kudi, Ego, Owo.. .

5 Likes

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by otokx(m): 6:24am On Nov 04, 2016
He was blowing hot all this while now its just silence, a rule should be made barring Nigerians who have dual citizenship from holding political positions.

Also where "that Nigerian" has a Nigerian passport but any of his sibblings, father, mother or children possess foreign passports, "that Nigerian" should be barred from holding any political position.

8 Likes

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by Mrdecent(m): 6:42am On Nov 04, 2016
Fayose how u go do am now?

4 Likes

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by Moreoffaith(m): 6:56am On Nov 04, 2016
I love this guy walai... He confess say he eat yam and he wan vomit am abi the one wey dey Fayose stomach son digest in?

2 Likes 1 Share

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by otukpo(f): 7:13am On Nov 04, 2016
That is something. But they can get more from him.

My only fear is that this recovered money will be stolen by another politician or public office holders.

1 Like

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by blazetitov: 7:26am On Nov 04, 2016
Good move. Kudos to EFCC.

Can't wait to see Fowlyose and hooligan Omisore having their days in court.

2 Likes 2 Shares

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by docadams: 7:49am On Nov 04, 2016
Tonyosas101:
See as I con dey Pity this Obanikoro

I share your feeling, bro. The guy haf humbled patapata. A soft landing awaits him somewhere.

4 Likes 1 Share

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by mayorchelsea(m): 8:10am On Nov 04, 2016
"Dasuki couldn't have stolen that much" says Oga Jonah but where is this money from Koro coming from?Would anyone not guilty want to return any fund from his/her sweat or labour? We have criminal elements in the APC too,I can't deny that but had these things been happening long before now,we won't be here today.If another party wins in 2019,they should go after corrupt public office holders too be it witch hunting or not as long as they are guilty of stealing public funds.

21 Likes 2 Shares

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by Turks: 8:46am On Nov 04, 2016
Kosi Koro


Kosi Ibo


Bunch of thieves angry

1 Like

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by tjpetrr(m): 8:47am On Nov 04, 2016
Tonyosas101:
See as I con dey Pity this Obanikoro

Wonderful people
Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by DNA123(m): 8:47am On Nov 04, 2016
EHMIR:
Meanwhile "dasuki couldnt have stolen that much"...jonathan 2016


yet koro is returning his much..


Fayose get ready ooo..cos if i were you,i will confiscate more cows nd sell them to raise money b4 2018grin


HMMM.
Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by Nobody: 8:47am On Nov 04, 2016
grin
Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by kolnel: 8:48am On Nov 04, 2016
Heart breaking money every time
Only God can judge our leaders

2 Likes

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by johnstar(m): 8:49am On Nov 04, 2016
All dis ppl na tif dm b
Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by Siberia101: 8:50am On Nov 04, 2016
otukpo:
That is something. But they can get more from him.

My only fear is that this recovered money will be stolen by another politician or public office holders.



It will be used by the SGF to clear Grasses

2 Likes

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by ALAYORMII: 8:50am On Nov 04, 2016
Some people keep saying this thing is a witch hunt

2 Likes

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by shamecurls(m): 8:50am On Nov 04, 2016
And this dwarf-like flats-heads still be calling it witch-hunting even when it's so glaring to the world.

8 Likes 2 Shares

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by nestic3: 8:50am On Nov 04, 2016
undecided undecided undecided don't know what to say

1 Like

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by Nobody: 8:51am On Nov 04, 2016
...
Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by omenka(m): 8:54am On Nov 04, 2016
While the thief is busy cooperating, some ignoramuses are busy killing themselves online in his defence. cheesy

6 Likes 2 Shares

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by QuietHammer(m): 9:03am On Nov 04, 2016
So far it's a witch, hunt it down and kill it!

4 Likes 1 Share

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by Ask4Info: 9:03am On Nov 04, 2016
THE PROBLEM IS NEVER WITH THOSE WHO EMBEZZLE OUR MONEY, BUT RATHER WITH THOSE WHO OUT OF IGNORANCE, TRIBALISM AND BIGOTRY SUPPORT THOSE WHO LOOT THEIR FUTURE AND THAT OF THEIR UNBORN CHILDREN AWAY - ASK4INFO (C)2016

6 Likes 1 Share

Re: Obanikoro Undertakes To Return N480m, Submits Passports To EFCC by DONSMITH123(m): 9:04am On Nov 04, 2016
Wait O.

This Dasuki money no dey finish? Na river Niger?

2 Likes 1 Share

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