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Obanikoro Refunds N100Million Into Nigeria’s Loot Recovery Account, Returns To Abuja Home
Nov 5, 2016 – Obanikoro Released On Bail After Depositing N100 Million Into FG Loot Recovery Account
Obanikoro Refunds N100Million Into Nigeria’s Loot Recovery Account, Returns To Abuja Home
Ex Minister of Defense, Musiliu Obanikoro has regained freedom after spending over 3 weeks in EFCC custody.
The scandal-ridden politician was set free after the anti-corruption agency verified that he had fulfilled an “Administrative bail” condition requiring that he deposits N100million to the “Federal Recovery Account.”
Obanikoro had admitted to the EFCC that he embezzled N800m from about N4.7 billion stolen in 2014 from a budget designated for procurement of weaponry and other equipment for the Nigerian military to enhance its fight against Islamist militant group, Boko Haram.
Mr. Obanikoro surrendered to the EFCC three weeks ago on his return to Nigeria and had since been in detention as he failed on several occasions to make the necessary refund that was a precondition for his release.
Koro as he is fondly called regained freedom around 5pm on Friday.
He has retired to his mansion in Abuja where family members claimed he was resting.
fifelomo
November 5, 2016 at 10:28 AM
Embezzled 800m and he deposited 100m and he’s now a free man. How about the remaining 700m? Just thinking aloud.
Marcus Garvey ll
November 5, 2016 at 2:46 PM
If found guilty beyond a shadow of doubt, he should be deprive of every penny and every square inch of property in his name, then publicly executed.
sola olaniyi
November 7, 2016 at 11:49 AM
@EFCC,what about the remaining 700 million?
ade eagle
November 8, 2016 at 12:04 AM
he should be in prison for nothing less than 30 years
ade eagle
November 8, 2016 at 12:06 AM
many Nigerians are suffering because these greedy corrupt bastards stole all the money meant for 180 million Nigerians