Wednesday, June 22, 2016

N4.7bn arms funds traced to Obanikoro, Fayose —EFCC

The Economic and Financial Crimes Commission on Tuesday said it had made a breakthrough in how over $15bn was siphoned from the account of the Office of the National Security Adviser during the administration of former President Goodluck Jonathan.

The EFCC, which has frozen the bank accounts of the Ekiti State Governor, Mr. Ayodele Fayose, and the account of a company, belonging to the two sons of a former Minister of State for Defence, Musiliu Obanikoro, said it had recovered evidence of the alleged illegal transactions from the banks.
The bank tellers and other relevant documents, which were made available to The PUNCH, showed that the alleged scam took place between April 4, 2014, and December 15, 2014, when a total of N4.745bn was paid into the Diamond Bank account of Sylvan McNamara.http://www.punchng.com/n4-7bn-arms-funds-traced-obanikoro-fayose-efcc/

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