– EFCC keeps a close eye on two sons of former minister of state for defense
– The two sons of Obanikoro, Ibrahim Babajide and Gbolahan Olatunde Obanikoro have been linked to the arms deal scandal
– The EFCC traces N4.745 billion to the bank account of Sylvan McNamara Limited, a company in which Obanikoro’s two sons have major interest
The Economic and Financial Crimes Commission (EFCC) is keeping a close eye on two sons of Musiliu Obanikoro, the former Minister of State for Defense, over an alleged massive amount of monies transferred to their accounts from funds budgeted for the procurement of weapons and other equipment for the country’s military, Sahara Reporters reports.
According to a source who spoke to the media outfit, the EFCC had traced N4.745 billion to the bank account of Sylvan McNamara Limited, a company in which the former minister’s two sons, Ibrahim Babajide and Gbolahan Olatunde Obanikoro, have major interest.EFCC is keeping a close eye on two sons of Musiliu Obanikoro, ex-minister of state for defense who have been linked in the arms deal scandal

EFCC is keeping a close eye on two sons of Musiliu Obanikoro, ex-minister of state for defense who have been linked in the arms deal scandal
It was gathered that the alleged funds were paid in batches into the company’s account number 0026223714 with Diamond Bank.
The source citing some instance alleged that on June 5, 2014, N200 million was transferred into the account of the firm owned by Obanikoro’s two sons. While on June 16, 2014, N2 billion was transferred into the account from the CBN account maintained by the Office of the National Security Adviser. On July 7, 2014, the sum of N700 million, landed in the Obanikoro-affiliated account, while on July 30, 2014, N1 billion was credited to the firm’s account. Other transfers included N160 million on August 8, 2014, N225 million on August 22, 2014, N200 million on November 14, 2014, and N200 million on December 5, 2014.
More statements from the source show that the funds were paid from an account maintained by Office of the National Security Adviser at the Central Bank of Nigeria (CBN) and all the transfers were made between June and December 2014.
Coincidentally, the period in which the transfers were made into the bank account of Sylvan McNamara Limited, falls under the same likewise when the preparations and the conduct of the Ekiti state governorship election, won by Governor Ayodele Fayose of the Peoples Democratic Party was in full gear. At such, hints that some of the cash was routed to Fayose’s campaign have been muttered.



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I wonder what would have happened to Nigeria if Jonathan was return elected

Dis Dasukigate lead to many Compound o... Obanikoro,I remembered wen we were singing kosi Koro so si bo !!!