SaharaReporters has exclusively learned that two sons of Nigeria’s former Minister of State for Defense, Musiliu Obanikoro, are currently on the radar of the Economic and Financial Crimes Commission (EFCC) over a massive amount of monies transferred to their accounts from funds budgeted for the procurement of weapons and other equipment for the country’s military. Two sources at the anti-graft agency told a correspondent of SaharaReporters that 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.

Our sources disclosed that the funds were paid in several tranches into the company’s account number 0026223714 with Diamond Bank. The sources added that the funds were paid from an account maintained by the Office of the National Security Adviser at the Central Bank of Nigeria (CBN).

One of the sources revealed that all the transfers were made between June and December 2014. The period coincided with the preparations for and the conduct of the Ekiti State governorship election, ultimately won by Ayodele Fayose of the Peoples Democratic Party. SaharaReporters had exclusively obtained and released an audiotaped conversation in which Mr. Obanikoro, Mr. Fayose, former Minister for Police Affairs Jelili Adesiyan, and a few other PDP stalwarts instructed a top military officer, Brigadier General Momoh, on strategies for rigging the election for the PDP governorship candidate by intimidating supporters of then incumbent Governor Kayode Fayemi. Mr. Kayode also inaugurated a new campaign mode he nicknamed “stomach infrastructure,” which involved the doling out of massive amounts of cash to voters.

One investigator involved in looking into transfers of funds to Sylvan McNamara’s account hinted that some of the cash was routed to Mr. Fayose’s campaign.

For instance, on June 5, 2014, N200 million was transferred into the account of the firm owned by Mr. Obanikoro’s two sons. On June 16, 2014, few days before the election of Mr. Fayose, N2 billion was wired into the account from the CBN account maintained by the Office of the National Security Adviser. Another massive transfer, this time of the sum of N700 million, landed in the Obanikoro-affiliated account on July 7, 2014. 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.

Our sources disclosed that both Gbolahan and Babajide Obanikoro were listed as directors of the company earlier incorporated in 2011 by Ikenna Ezekwe, Idowu Oshodi and Elizabeth Adebiyi. They added that Mr. Obanikoro’s two sons were also signatories to the company’s account until 2014 when one Olalekan Ogunseye was made sole signatory.

Our EFCC sources disclosed that investigators had discovered no contracts to back or justify the hefty payments made by the Office of the National Security Adviser, then headed by retired Colonel Sambo Dasuki, to Sylvan McNamara Limited.


Mr. Dasuki and numerous politicians have been indicted for illicit disbursement of more than $2 billion budgeted for the procurement of weaponry to empower the Nigerian military in its counter-insurgency operations against Islamist militant group, Boko Haram. While Mr. Dasuki disbursed the defense funds to politicians at the orders of former President Goodluck Jonathan, the Nigerian Army suffered high casualties as Boko Haram fighters attacked and sacked several military barracks.

The former Defense minister, Mr. Obanikoro, is currently resident in the US where he is reportedly registered as a student of history at Oglethorpe University in Georgia, USA. One of his two sons linked with the massive fraud resides in Suwanee, Gwinnett County in the state of Georgia where they own real estate purchased in August 2014.


Source: http://saharareporters.com/2016/01/29/efcc-closes-ex-nigerian-defense-minister-obanikoro-two-sons-over-n48b-diverted-arms

Oh boy..wahala dey

The period coincided with the preparations for and the conduct of the Ekiti State governorship election, ultimately won by Ayodele Fayose of the Peoples Democratic Party.

Just imagine this.

What happened in Ekiti remains one of the greatest perversion of our democracy and rule of law. It was a mandate stolen in broad day light under the fatherly supervision of the Ineffectual Buffoon, the custodian and distributor of everything sleazy in this country.

Koro would soon enough be summoned to account for the travesty he supervised and what jobs his thieving sons did for the NSA that they had to be paid so handsomely.

Very good development if confirmed. I knew the cowardly Obanikoro took to his heels, even before PMB was sworn in, for very good reasons. They should crate the m.ofo back to Nigeria ojare

Sharp Guy!

"For instance, on June 5, 2014, N200 million was transferred into the account of the firm owned by Mr. Obanikoro’s two sons. On June 16, 2014, few days before the election of Mr. Fayose, N2 billion was wired into the account from the CBN account maintained by the Office of the National Security Adviser. Another massive transfer, this time of the sum of N700 million, landed in the Obanikoro-affiliated account on July 7, 2014. 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."


Just take a look at those figures!!
God punish Jonathan wherever he is.

I just received alert which says Your acct has been credited with #400m by Colonel Sambo Dasuki. pls friends what does it mean?

Bishops10:
I just received alert which says
Your acct has been credited with #400m by Colonel Sambo Dasuki.
pls friends what does it mean?

It means your family house will be taken over by EFCC and you take your resident in kuje

Lalasticlala

Will this get on FP

Or is it Metuh day

Please have they asked tinubu ameachi and Co how they funded their election ?

rubbish

Bishops10:
I just received alert which says
Your acct has been credited with #400m by Colonel Sambo Dasuki.
pls friends what does it mean?

You're on your way to Kuje estate.

Obanikoro, the soon to be adopted son of IPOB miscreants..., Oga Magu is holding your file oooo.

That lousy governor will soon open his smelly orifice called mouth to start barking like a mad dog.

Long live Oga Magu...
God bless PMB..........

samento:
You're on your way to Kuje estate.

Oh....Thank God I thought I will be like Nnamdi kanu

Like father like sons.
That was why one of the brats was moving around with armed police officers threatening and abusing inec officials on live television when he was declared loser in the Lagos state assembly elections.
Karma is about to hammer big again.

Hmmmmm

Catch them allllllll.....

Ok


Spirits of nairaland.


But wait o! Is it only pdp people that chopped and looted Nigeria money?

All these polithievians and their sons are just too shameless....

This is embezzlement!

With this, I think Jonathan fans will agreed that steeling is corruption..... They are highly corrupted!


Check my signature on how to get rid excess ugly belly fats

Nothin will happen. President Buhari!

Nothin will happen. Dullardinhoooo!

godfirstawe:


It means your family house will be taken over by EFCC and you take your resident in kuje

Is Kuje a bank?

Heads are truly rolling

All this money going around and I'm still broke? This life

another corruption scandal packaged and assembled by GEJ regime.

This man second term would have sunk Nigeria. God bless Nigeria. His mercy saved us from imminent destruction.

T

I honestly do not envy the life of these shameless politicians. Stealing is their talent and un remorseful instinct is their vision.