Connect with us



Musiliu Obanikoro Admits Giving $5.37 million & N1.3 billion to Governor Fayose



Musiliu Obanikoro

Musiliu Obanikoro

The former Minister of State for Defence, Musiliu Obanikoro has implicated Governor Ayo Fayose of Ekiti in the probe of the N4.745billion wired to a company, Sylva Mcnamara, by the Office of the National Security Adviser (ONSA), The Nation reports.

Obanikoro, who landed in Nigeria on Monday from the US, following an invitation by the Economic and Financial Crimes Commission (EFCC), said that N2.23billion was transferred to Fayose within 7 months in 2014.

He said that while $5,377,000 (about N1 billion at the time) was give to Fayose in cash, N1.3billion was received by the governor’s associate, Abiodun Agbele.

Obanikoro admitted that the N1.3billion was flown to Akure airport in two chartered flights for delivery to Agbele.

Obanikoro said that he does not own the said company but said that part of the reasons why the money was remitted in the company’s account is the warding off of a plot by Boko Haram to attack Lagos.

Obanikoro was also confronted with a petition from ONSA dated November 28, 2015 titled “Payment to companies with no contract awards or approval” of which Sylva Mcnamara was number 78 on the list of firms being investigated.

A source quoted the former minister as saying:

N2.2billion was transferred to Sylva Mcnamara for onward transfer to Ayodele Fayose on the instruction of the National Security Adviser (NSA).

The sum of N1.3billion cash was brought in a bullion van by Diamond Bank on the instruction of the NSA.

In addition, the sum of N60million was converted to dollars at the rate of N168 per dollar and altogether the sum of $5,377,000 was handed over in cash by me to Fayose while the N1.3billion was received by Mr. Fayose’s associate, Mr. Abiodun Agbele, in the presence of my Aide-de-Camp (ADC), Lt. Adewale, who also accompanied them to the bank along with the bank officials.

I didn’t interact with the bank officials. I called Fayose before the funds were handed over to Mr. Abiodun Agbele. I spoke to Fayose with my phone at Akure airport.

I took off with the first flight with part of the money. The second flight brought the remaining funds to Akure airport and I directed that it should be handed over to the same person



  1. Mrs chidukane

    October 19, 2016 at 10:27 am

    Wow! Just like in the movies.

  2. Niola

    October 19, 2016 at 10:30 am

    Now I am convinced these politicians are just wicked! non-visionaries, greedy and plain selfish. I mean what goes through their minds when they steal this much, does it occur to them that this is money meant for the good of all Nigerians? or that this act is unsustainable as they are mortgaging the future of Nigeria? I do not think we can wait for God to avenge again o, we just have to stand up(in a bid not to use the world revolt, but basically that), kick them out and do the right thing when we get there ..

    • Jade edo babe

      October 19, 2016 at 4:24 pm

      It actually confessed compared to other politicians who will plead no guilty to a blatant guilty case. Then hire entourage of lawyers, bribe judges. That’s one thing I like about Yoruba people sometimes they will stand for the truth no matter what. There was another yoruba guy who exposed how much Jonathan bribed and rigged Fayose to win Ekiti. My friend’s dad was one of the judges arrested recently. I called to check if everything was okay. He said, you know what I love my dad but the justice system is corrupt and these judges have been taking bribes from governors, government officials including his dad so they won’t go to trial or be prosecuted. And it’s time to clean out, address the justice system even if it’s unconstitutional but it will put them in check a little bit. My respect for him went up, he put sentiment aside and stupid loyalty. Meanwhile another friend of mine who is from the same village with Jonathan, she will fight up and down, oh Jonathan and patience are not corrupt. I don’t like people like that. I believe in loyalty but call wrong out too.

  3. Nunulicious

    October 19, 2016 at 10:59 am

    These stories are not new.
    1. How do we prevent this from being a reoccurring theme?
    2. How do we punish those who have done this atrocious acts?
    Which way Nigeria? Even our justice system is rigged.

    • Tinuke

      October 19, 2016 at 2:36 pm

      punishment is a long way ahead.
      my approach to Nigerian issues is to try not to read about them because it gets depressing.
      what really bothers me is that when this mans daughter opens a store tomorrow or a starts a vlog or has a big wedding or even opens a shoe shop or a skin care line (i can go on for days fill in the blanks) etc,, bella naija will post their content and Nigerians will start to say wow this wow that, i tap into the blessing etc.
      it annoys me. it really does. these people steal. no repercussions then their children build yeye brands from stolen money and their display of wealth is constantly forced down our throats.
      i promise you none of these people will end up in jail.
      we will resume celebrating them through their kids shortly.

    • Corolla

      October 19, 2016 at 5:07 pm

      Exactly! Punishment is a long way ahead! The theives are going to get away free. Some Nigerians will still celebrate their ill-gotten wealth, and Bella Naija will still feature the kids and their events! It will be business as usual.

  4. iyke

    October 19, 2016 at 11:12 am

    Nigerians, especially the so called elites are cowardly.
    The only reason why all these atrocities are going on is because no one, I repeat no one has been jailed with hard labor and no option of a fine.
    Jail one of the so called untouchables for up to 25 years imprisonment and watch the rest sit up.
    Damn, the amount of money these people steal is mind boggling – N2.23billion???

  5. Prince

    October 19, 2016 at 11:18 am

    EFCC needs a separate Court to prosecute its victims or whatever they are. Goodluck gave this order and to think that 2.2billion Nigerian Currency was used just to bribe people to vote. Why will such person do anything when he gets into office. It is obvious he’s only coming there to loot their treasury and that is what Fayose has been doing.

  6. mercy okosun

    October 19, 2016 at 11:40 am

    Hope he dnt make dat confession bcos a gun ws pointed to hs head?

  7. nnenne

    October 19, 2016 at 11:50 am

    At the. end of the day, displaced citizens , turned criminals will not let us live in peace..
    Let’s all come together to build a country we all will be proud of.

  8. ogbo

    October 19, 2016 at 12:08 pm

    our tax payers money only what you will hear is stealing in billions these politicians that is what they are known for.

  9. Foluso

    October 19, 2016 at 12:10 pm

    I hope Obanikoro will rot in jail for these atrocities. Damn!

  10. yemite

    October 19, 2016 at 5:30 pm

    Bravo man…money looted and recovered thank to God is not new…what’s and where the money gonna end with? Compared to ex-governor who said “I never sign a cheque during my tenure”. How does that justify that he never benefited from money looted? Rubbish!! Now Vice president will be talking only dansuki!! Whar about money 20billion refunded by formal president? As he explain how the public money came up to save in his account? As 2billion misused in Lagos been investigated? 100billion pay to lagos state by ex President Yahadua(may you rest in peace) as it been investigated how the fund spend?

  11. Jona

    October 19, 2016 at 5:55 pm

    I am surprised no one is talking about Jonathan here, all these things happened under him, all people do is to blame Bihari without sense, will he rain money from heaven, he is just unlucky to be president when the price of oil crashed. The previous Governments just simply distributed oil money, nothing more. Now they have to diversify the economy, something series of Government failed to do. The process just started last year, it would take sometime to start seeing tangible, in fact I think Nigeria is lucky not to have a Goodluck Jonathan, in power at this time.

  12. tunmi

    October 20, 2016 at 1:04 am

    Um.. Thank you. Other than his statement, is there corroborating evidence to really prosecute this case with some definitive judgment

  13. soulsuit

    October 20, 2016 at 10:14 am

    This is terrible ! This has been going on for ages even during the military era.

    Yes Bode george went to Jail for Corruption yet he is back to PDP as a chieftain. Recall former Inspector General of police – Tafa Balogun was also jailed for stealing .They are all the same , i think we the youth need to reclaim our future from these evil politicians and take our country back from them. they are so fast to mention rule of law and going to court to defend themselves, when they know they have portions of the loots to bribe the judges and lawyers.

    Thank you bella for bringing these stories to your blog cos more youth are getting more informed about our political class.

    And also start a segment on Constitutional High lite, cos you can contest for any post : Presidency, Governorship , Senatorial with just secondary school qualification. which many Nigerians have. Even if we don’t contest lets all be active in choosing who leads us.

    As a media organisation Bella is free to cover any story from any segment of the society local or foreign with our National interest.

  14. Moyo

    October 25, 2016 at 10:21 am

    And this man so desperately wanted to become Governor of Lagos state. Na wah, Uncle Koro, you didn’t try. His nickname then was Kosi Koro, Kosi Ibo (No Koro, No election/no voting)

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Tangerine Africa

Star Features