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EFCC Releases Obanikoro

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  • EFCC Releases Obanikoro

The Economic and Financial Crimes Commission has released a former Minister of State for Defence, Senator Musiliu Obanikoro on Friday.

A source said, “The EFCC just released Senator Obanikoro around 5pm. He is on his way home now.”

Obanikoro, who was arrested on October 17, was accused of receiving N4.7bn through the Office of the National Security Adviser in 2014.

He was said to have pocketed N785m while the balance was given to Governor Ayodele Fayose of Ekiti State and Senator Iyiola Omisore who was the governorship candidate of the Peoples Democratic Party in Osun State in 2014.

Obanikoro was said to have returned N100m and pledged to return N480m while his American and Nigerian passports were submitted to the EFCC.

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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