N473m Recovered From Obanikoro, Omisore By EFCC | Nigeria News
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N473m Recovered From Obanikoro, Omisore By EFCC

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Efcc recovers fund from Obanikoro.

Funds Recovered From Obanikoro By EFCC

The sum of N473million out of N4.68billion has allegedly been recovered from the former minister of state for defence, Senator Musiliu Obanikoro by the Economic and Financial Crimes Commission (EFCC).

The fund was allegedly shared to Ekiti State Governor Ayodele Fayose and Senator Iyiola Omisore towards their 2014 governorship contests.

The revelation was made known as EFCC kicks off the prosecution of Obanikoro, who defected from the Peoples Democratic Party to the ruling All Progressives Congress (APC).

Naija News gathered that, N350 million has been recovered from Omisore who contested on the platform of the Peoples Democratic Party (PDP) in Osun State 2014 governorship election. Obanikoro was alleged to have given him N1.7bn towards the 2014 election.

Further information has it that the sum of N123 million has been recovered from Obanikoro, who claimed to have acted on the order of former National Security Adviser (NSA) which was to deliver some funds to Ayodele Fayose and Omisore in respect to the 2014 election.

Report has it that the recovered fund was a part of the N4.68bn, allegedly collected by Senator Obanikoro from the office of former NSA, Sambo Dasuki in 2014.

Out of the N4.68bn allegedly received from the former NSA through Silva Mac Namera Limited, the sums of N1.3bn and $5m were said to have been separately given to Fayose while additional N300m was allegedly given to Omisore directly from the NSA’s office through FIMEX GUILT Nigeria Limited.

Daily Trust reports that the balance of N685m, was retained by Obanikoro out of which N123m has been recovered by the EFCC.

Report has it that choice properties worth N1.8bn allegedly purchased with proceeds of the funds located at Lagos and Abuja have also been recovered from Fayose and his sister Moji Ladeji.


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is an Associate at Naija News. He is a news media enthusiast, he holds a degree in psychology and loves exploring and sharing about the enormous power that lies in the human mind. Email: enioluwa@naijanews.com, Instagram: adeniyidman