Musiliu Obanikoro Tells EFCC how he gave Fayose $5,377,000 CASH!

The EFCC chairman must be the busiest man in Nigeria.The Obanikoro EFCC case is the latest to engulf Nigerians in suspense.

The former Minister of State for Defence, Sen. Musiliu Obanikoro has disclosed how he gave Ekiti State Governor, Ayodele Fayose, part of the N4.745billion made available 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.

Now if this is really true,it warrants into the EFCC cracking its weapon in the
firmest way possible.But when are we going to actually start to see these convictions?

Obanikoro, who is still in detention of the Economic and Financial Crimes Commision, EFCC, said N2.23billion was transferred to Fayose. While $5,377,000 was give to Fayose in cash, 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.

Obanikoro, said said he is not the owner of Sylva Mcnamara that was used to transfer the funds to Fayose.

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 Nation reports.

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 source told the newspaper 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.”

Obanikoro 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 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.”

For those who still doubt that the EFCC is doing a fantastic job,here is further proof.In my opinion,they are covering the ground fully in what their job description entails.

What is the full meaning of EFCC?The full meaning is Economic and financial crimes commission.It was set up in 2003 as a law enforcement agency to investigate financial crimes such as advance fee fraud (419 fraud) and money laundering.Ibrahim Lamorde a Nigerian police officer was appointed Acting Chairman of the Economic and Financial Crimes Commission (EFCC) on 23 November 2011 after chairman Farida Waziri had been dismissed byPresident Goodluck Jonathan.

President Buhari on assuming power then removed Lamorde as the chairman and appointed the man who is the present chairman of EFCC,Ibrahim Magu.

However,it must be noted that Magu is only the acting chairman.He also expressed how he feels that a percentage of the money recovered by EFCC from their probes should be used to strengthen the commission like it is done in the western world.Hmmm..Hear him speak further on the subject..



“In some jurisdictions like the UK, proceeds of crime are further used to strengthen the agency,” he said.

“In EFCC, we have been struggling for years to build our headquarters and when I think of the billions of naira we recover, I can see what would have happened if we are allowed to apply a percentage of this recovery into our operations.”

The EFCC boss also advocated the amendment of the country’s anti-graft laws to place the burden of proof on the accused in corruption cases.

“One the issues that concerns us in the EFCC is that of non-conviction based recovery.

“It is of great concern to us that the burden is on us to prove in court that this is a proceed of crime.

“But in other climes the accused has to prove that the property he has, actually represents the fruit of his labour.

“There is the need for the Act to make a provision for an application of the proceeds of crime into recapitalising the anti graft agencies.” Magu was represented at the event by Mr David Tukura, the Deputy Director of Planning, Policy and Statistics of the commission.