Governor Fayose Implicated By Obanikoro in N4.7b Fraud

Barely 24 hours after his detention, former Minister of State for Defence, Sen. Musiliu Obanikoro has implicated Gov. Ayodele Fayose in the N4.745bn wired to a company linked to him by the Office of the National Security Adviser(ONSA), The Nation reports.
The said cash was wired into the company, Sylva Mcnamara within 7 months in 2014. He admitted that the N1.3billion was flown to Akure airport in two chartered flights for delivery to Agbele. The money was sourced from $2.1bn meant for arms from the ONSA.

Obanikoro, however, said he is not the owner of Sylva Mcnamara that was used to transfer the funds to Fayose. But he defended why the money was remitted to Mcnamara including the warding off of a plot by Boko Haram to attack Lagos.
Obanikoro was confronted with a petition from ONSA which was dated November 28, 2015. The petition was titled “Payment to companies with no contract awards or approval.”
A top source quoted Obanikoro as saying that “the sum of N2.2bn was transferred to Sylva Mcnamara for onward transfer to Fayose on the instruction of Dasuki. The sum of N1.3bn cash was brought in a bullion van by Diamond Bank on the instruction of Dasuki.
In addition, the sum of N60m was converted to dollars at the rate of N168 per dollar and altogether the sum of $5.377m was handed over in cash by me to Fayose while the N1.3bn was received by his associate, Abiodun Agbele in the presence of my Aide-de-Camp (ADC), Lt. Adewale.
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.” The EFCC had discovered that Sylvan Mcnamara Limited, allegedly owned by Obanikoro and his sons, was used to launder the N4.745bn.
According to EFCC, when it was time to illegally draw the N4.745bn from ONSA as war chest for Ekiti Governorship poll, Obanikoro made the account of Sylvan Mcnamara Ltd available and coordinated the disbursement.