Alleged N6.9b fraud: How we airlifted N1.2b in cash to Fayose, Ex-minister opens up

Senator Musiliu Obanikoro, a former Minister of State for Defence, told Justice Nnamdi Dimgba of the Federal High Court in Abuja on Wednesday, November 29, 2023, how the inability of a defunct commercial bank (Diamond Bank) to disburse large sums of money prompted the airlifting of N1.219 billion cash to former Ekiti State Governor, Ayodele Fayose, for the governorship election in the state.

The Economic and Financial Crimes Commission, EFCC, has charged Fayose and his company, Spotless Investment Limited, with money laundering in the amount of N6.9 billion.

When prosecution counsel, Wahab Shittu, SAN, asked him to shed light on the source of the said N1.219billion, Obanikoro replied that he did not know the source of the money and that he only got the information on the money from the former National Security Adviser ,NSA, Col Sambo Dasuki (retd). He explained that it was the former NSA that contacted him that the said money had been paid into the account of Sylvan Mcnamara Ltd.

He told the court that: “I was a minister under Jonathan administration in 2014. Sometime in 2014, we were going to have an election in Ekiti State. I was saddled with the responsibility of coordinating the activities in the election. Some days before the election, I got a call from Governor Fayose asking me if I received any message for him from ONSA, I can recall that prior to that, we had some activities among which was fund raising for the purpose of that election. When Mr. Fayose called, I told him I would call him later. I had a phone conversation with the NSA, and was told he would get back to me. After, he got back to me that N2.2billion was paid into the account of Sylvan Mcnamara Ltd,” he added.

“The money came from the NSA. I can’t vouch for the source of the funds. Only the NSA can explain the source of the fund.”

“I handed over the N1.219million cash to Agbele for onward delivery to Fayose. I did not take any money or N19million, contrary to a publication by a Lagos-based online platform.”

When asked about his relationship with Sylvan Mcnamara Ltd, the former minister stated that “