EFCC Slams Obanikoro with N100 Million Bail Fee

By Ikenga Chronicles October 24, 2016

The Economic And Financial Crimes Commission(EFCC) has slammed detained Former Minister Of Defence, Musiliu Obanikoro with N100 Million bail fee.

According to the Punch Newspaper, the family and associates of Obanikoro, are intensifying efforts to raise N100m to release him from EFCC’s detention. A source said the family had taken a decision that the former minister would not spend another week in the detention facility of the commission.

Recall that Obanikoro flew into the country on Monday last week and has since been held by the EFCC whose operatives have been interrogating him in connection with N4.7bn traced to Silva McNamara, a company in which, the commission says he has interests.

A family source on Sunday said members of the family were worried about the continuing detention of the minister because of his health and were moving to ensure that he did not spend beyond Tuesday (tomorrow) in detention.

“We are concerned about his health and we are not ready to see him still in detention beyond Tuesday this week. The man’s life is more important than the money they are asking him questions about,” the source stated.

The family source confirmed that the commission had given a condition to the former minister to raise N100m to get an administrative bail.

“If that is the only condition to see him out of detention for now, we are making efforts to raise that. You know the situation of the country now, but no sacrifice is too much to make him a free man again,” the source told our correspondent.

Investigation revealed that the operatives involved in the case were dissatisfied with the former minister’s explanation on how N785m was spent. Obanikoro had said N785m was spent to procure souvenirs to promote a campaign against Boko Haram in Lagos.

He had told his interrogators that N200m was spent on surveillance activities while another N200m and the balance of N385m were spent on logistics and operations under the supervision of the owner of McNamara, who he identified as Taiwo Kareem.

It was, however, gathered that while the EFCC did not question the claims of the ex-minister, which were backed with documentary evidence that he paid N3.88bn to Fayose and Omisore, they doubted the veracity of the claim that N785m was spent on the campaign against Boko Haram in Lagos.

Media aide to Obanikoro, Jonathan Eze, revealed that there were expectations that the former minister would be released this week. Eze called on the commission to release the former minister unconditionally since he came to the country of his own volition and had been cooperating with the EFCC since the commencement of the interrogation eight days ago.

He urged the anti-graft agency to arraign the former minister if that was the decision. The ex-minister’s spokesman stated that Obanikoro sustained a spinal cord injury and was taking medication.

Eze added, “Everything about investigation and interrogation, as far as I am concerned, is not done hastily. In as much as I would want a situation whereby Oga [Obanikoro]would have been released by now, we have no choice than to just play by the rule.”

“They have said it themselves that Oga is cooperating, and because they have acknowledged his cooperation, they should speed up whatever they are doing, so that Oga can go back.”

“Oga is not even strong, health-wise, so that he can go and take care of himself and considering the fact that he came on his own volition, without being arrested or declared wanted, I think he should be attended to fast.”

“He is a senior citizen, he can’t do anything that is untoward and he will always be around. We just hope that this new week, he would be released unconditionally.”

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