There are indications that embattled former Minister of State for Defence, Senator Musiliu Obanikoro may soon be let out of custody by the Economic and Financial Crimes Commission (EFCC) following reports that he has agreed to make refunds of the money he allegedly collected from the Office of National Security Adviser (ONSA). The anti-graft agency has accused the ex-minister of collecting N785 million from ONSA while in office. Going by reports, his friends and associates are understood to be rallying around him to raise the funds as a first step to secure his bail.
A source, who spoke in confidence, told The Nation that: “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.”
Musiliu Obanikoro offers to refund N785million to Federal Government
