N4.7bn scam: Obanikoro surrenders to EFCC

The former Minister of State for Defence, Musiliu Obanikoro has submitted himself to the Economic and Financial Crimes Commission in response to an alleged N4.75 billion arms fund traced to him.

Daily Trust gathered yesterday that Obanikoro landed in Lagos from the United States of America and went to Abuja to keep an appointment with EFCC operatives.

It was learnt that the EFCC is investigating a company allegedly owned by Obanikoro’s sons for receiving N4.75 billion arms funds from the office of the former National Security Adviser between April 4th 2014, and December 15, 2014.

According to EFCC sources, his sons Babajide and Gbolahan received a total of N4.745 billion paid into the Diamond Bank account of their firm.

Obanikoro it was gathered came into Abuja from Lagos by 7:45 am and was expected to head to the EFCC Wuse II, head office for his appointment with the anti-graft agency.

It was further learnt he arrived the EFCC office in the company of about eight associates around 2pm on Monday.

EFCC spokesman Wilson Uwujaren confirmed that Obanikoro reported to the Commission.

He said: “The former Minister of State for Defence is with the Commission.”

Obanikoro, Daily Trust learnt was being quizzed to explain his connection to the company which was incorporated in November 2011, allegedly owned by his two sons.