Former Minister of Defence, Obanikoro Has Finally been Released by EFCC After Refunding N100 Million

Former Minister of State for Defense, Musiliu Obanikoro has finally been freed from the custody of the Economic and Financial Crimes Commission (EFCC) after the anti-corruption agency verified that he had fulfilled an "Administrative bail" condition requiring that he deposits N100 Million to the "Federal Recovery Account." 

EFCC spokesperson Wilson Uwujaren confirmed to Saharareporters that Mr. Obanikoro was granted "Administrative Bail" on Friday. The former minister has since retired to his Abua home where family members claimed he was "resting."

 Mr. Obanikoro surrendered to the EFCC three weeks ago on his return to Nigeria and had since been in detention as he failed on several occasions to make the necessary refund that was a precondition for his release.

Obanikoro had admitted to the EFCC that he embezzled N800m from about N4.7 billion stolen in 2014 from a budget designated for procurement of weaponry and other equipment for the Nigerian military to enhance its fight against Islamist militant group, Boko Haram.The funds were laundered through a bank account controlled by his two sons, Babajide and Gbolahan before they were physically ferried to Ekiti state where the funds were deployed to assist Governor Ayodele Fayose in rigging the governorship election in Ekiti State.

NIS Review: People are so wicked that they don't consider the life of innocent people wasted in North East by insurgency, but all they are pleased with is to embezzled the the money borrowed by federal government to procure arms for the military to fight the dangerous terrorist group since it was reported that they are using sophisticated weapons and Nigerian military is under-equipped. We pray that more should be caught and brought to book.......

Naijainfoshare can not claim to be the original owner of this information. please you can as well read from the original source -- Sahara Reporters