Detectives have traced about N4.745billion of the diverted $2. 1billion arms cash to a former Minister of State (Defence), Musiliu Obanikoro and Ekiti State Governor Ayodele Fayose.
The cash was sourced from the SAS Imprest Account of the Office of the National Security Adviser (ONSA) under ex-NSA Col. Sambo Dasuki (retd.) prior to the conduct of the June 21, 2014 Ekiti State governorship election, according to an Economic and Financial Crimes Commission (EFCC) investigation.
Others linked with the sharing of the slush funds include Fayose’s associate, Abiodun Agbele(Alias Abbey); Mrs. Helen Olayemi Fayose; Obanikoro’s sons — Gbolahan and Babajide — Ikenna Ezekwe; Sylvan Mcnamara Limited(a company allegedly run by the Obanikoros); Spotless Hotel, owned by Fayose and De Privateer Limited, which is owned by Agbele.
About 30 bureaux de change changed N759, 384, 300 (out of the N4.745billion) into dollars.
A curious aspect of the findings by the EFCC is how Obanikoro, as a minister, flew N1.218billion to Akure on June 12, 2014 for Fayose a few days before the election.
According to documents, EFCC investigators discovered that a firm, Sylvan Mcnamara Limited, allegedly owned by Obanikoro and his sons, was used to launder the N4.745billion.
The directors of the company, which was incorporated in November 2011, are: a close aide of the ex-Minister, Ikenna Ezekwe(700,000 shares) of 51 Simpson Street, Ebute-Metta; Idowu Oshodi(299,000 shares) of 8, Prince Tayo Adesanya Street, Park View Estate, Ikoyi; and Elizabeth Adebiyi(1,000 shares) of 3, Adedoyin Street, Ijeshatedo, Surulere.
“To set the stage for the use of the company for money laundering, the board of directors on May 7, 2012 passed a resolution that the company should open an account and appointed Mr. Gbolahan Obanikoro, Ikenna Ezekwe, Ms. Theresa Matuluko (Secretary) and Mr. Babajide Obanikoro as the signatories to the account.
“The board added that the signing combination be that any of the signatories can sign alone.”
According to the EFCC, when it was time to illegally draw the N4.745billion from ONSA for election, Obanikoro made the account of Sylvan Mcnamara Limited available and coordinated the disbursement.
The breakdown of the disbursement is N759, 384, 300 changed into dollars through bureaux de change; N160million spent on cars through Balmoral International Limited; N1, 219, 490,000 ferried by Obanikoro in two flights to a branch of Zenith Bank at Plot 13, Alagbaka Estate, Akure to evacuate the cash and received by Fayose’s associate, Abiodun; balance of about N2billion withdrawn by Obanikoro and his two children in cash.
Some of the bureaux de change and the amounts credited to them include A.A.G.B.S Oil and Gas (N168,000,000.00); Sylvan Mcnamara Ltd (N167,500,000.00); Northline Ltd (N835,000.00); Northline Ltd (N83,750,000.00); Five Star Ltd N(37,600,000.00); A.B.A Trading Ent (N268,301,500.00); Villagolf Bureaux De (N1,425,000.00); Ahmad Ahmad &Omar (N350,000.000); Northline Ltd (N1,680,000.00); Northline Limited A (N2,325,300); Rehoboth Homes (N20,000,0000); Northline Ltd (N5,932,500.00); Northline Ltd (N842,500); Northline Ltd (N842,500.00).
The EFCC also exposed how N1, 219, 490,000 was allegedly flown to Akure Airport on June 12, 2014 to Fayose through his associate, Abiodun Agbele (aka Abbey).
The Nation yesterday stumbled on a document on the EFCC’s findings. It reads: “On June 12, 2014, the sum of N1, 219, 490,000 was flown from Lagos to Akure Airport by Musiliu Obanikoro through a chartered plane (HS 125 jet) with a tail number N638MA. The plane belongs to Okin Travels which is a subsidiary of Elizade Motors. But the aircraft was then managed by OAS Helicopters for commercial/ chartered service.
“The ex-minister was accompanied by his military Aide-de-Camp who introduced himself as A.O. Adewale.
“The N1, 219, 490,000 was in two consignments but flown in the same aircraft twice in the morning and in the evening. From FAAN records, the first cash of N724, 500,000 arrived at Akure Airport at an estimated time of 9.38am and the second was at 17.57hours.
“A bullion van was brought by Zenith Bank to the tarmac at the airport in Akure to evacuate the cash to Zenith Bank at Plot 13, Alagbaka Estate, Akure.
“Obanikoro handed over the funds to Fayose’s associate, Abiodun Agbele (alias Abbey). This Abiodun in company with the bank officials moved the money to Zenith Bank in Akure.”
The EFCC gave details of how the N1, 219, 490,000 was shared to Fayose and others by Agbele.”
The document said: “The N1, 219, 490,000 was not deposited in any account but it was kept in a vault in the bank. It took the bank officials about 10 days to count. The bankers refused to make entry until it was counted,
“Shortly after confirming the figure, Abiodun was used to coordinate the disbursement of the funds. On June 26, 2014, the wanted associate (Abiodun Agbele) paid N137million into Ayodele Fayose’s account 10003126654 with Zenith Bank through Teller-0556814. Fayose’s BVN on the teller is 22338867502. On August 22, 2014, he paid N50million into the same account. By the records from the bank, Abiodun paid another N118, 760,000 into Fayose’s account on 27/8/14.
“Based on the transfers, Fayose moved N300million to a Fixed Deposit Account No 9013074033 with Zenith Bank at 15, Olusola Abiona Street, Olorunda Estate, Alapere Ketu. He has the same BVN-22338867502.
“After that, Abiodun deposited another N100million from the N1, 219, 490,000 into Spotless Hotel Account run by Fayose and Helen Olayemi Fayose with Account No. 1010170969, Fayose’s BVN is 223338867502 and Helen’s BVN in the account is 22298990256.
“The governor and Helen are the two directors and signatories of Spotless Hotel account.”
In the course of the investigation, the EFCC team dug up how De Privateer Limited (a company owned by Abiodun Agbele) with Account No. 1013835889 received N219, 490,000 on June 18, 2014.
“On June 19, 2014, the same account received N300million and another N200million on June 23, 2014. The BVN of the account is 22235692890.
A top official of the EFCC said: “Fayose benefited from the ONSA slush funds when he was yet to be a governor. So, the fact that he has immunity now as a governor does not mean we should not investigate him.
“The EFCC also has the right to interact with all those connected with the illegal withdrawal of public funds and the diversion of the cash.”
Regarding the fate of Fayose’s associate, the source added: “We will invite him for interrogation; we have already initiated the process.”
(Culled from TheNation) Click to signup for FREE news updates, latest information and hottest gists everyday
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Interesting
ReplyDeleteWhy is EFCC so quick to run to the press. This media persecution must stop. And EFCC should atleast balance their campaign by atleast indicting a member of the opposition. We are all Nigerians and they can not tell us that it's only PDP that are theives.
DeleteBro this efcc media campaign tire me oo...
DeleteGood job and best of luck to fayose and his associates
ReplyDeleteI said it that brother Ayo fayose days are numbered. Bi ikun lo ni oko, bi pakute ni, let's go there.
ReplyDeleteWhat a painstaking expose! That is just a tip of the iceberg! Let him keep throwing stones. And let him know that he can only deceive some of the people all the time & all of the people some of the time, but can NEVER deceive all of the people all the time
ReplyDeleteFor the first time, I give EFCC a big thumbs up for taking their time to properly investigate, gather their facts and break it down so that it can be easily grasp by almost anyone, the amount of money less than 50 partied on.
ReplyDeleteIf I were Fayose even me will want to pull a monkey out of any hope possible and sing any song wether the lyrics makes sense or not.
Hahahahaha very funny it's only gullible Nigerians that will fall for this. I ve always known he will be next. Why freeze the account of a seating governor feel sorry for this country, so coz it's Fayose imunity clause is no longer applicable. Well next time b4 Nigerians ask for change we will learn to be specific abt the type of change we want. Am not saying he shld not be answering if he is found wanting but then this approach is madness.
ReplyDeleteIf I hear, he is a seating governor and his account was frozen just like that Wow! You pple must think all Nigerians are gullible, he is the only voice of the opposition left what a way to silence him. This total disregard of the constitution by APC we'll see how it ends. We just wanted change and nobody cared abt the direction of the change.
ReplyDelete'
Fayose knew that investigation was on as recall these dealings and he knew that it's just a matter of time before nemesis catches up with him and that is why he's been making all the noise to give a semblance of credibility to the fact that he is been persecuted.
ReplyDeleteO Almighty Allah help us to cleanse this Country.
ReplyDeleteSenior Gov. Hahahahah..
ReplyDeleteFayose true or false? Tell Nigerian your takes about all these allegations and let the state decide your faith.I have been telling you that nemesis will catch on you and the time has come no remedy whatever immunity confer on you,truth has shown that you are dirty gamer.Let Obanikoro stays in US the Interpol will soon bring him down and his children. Clemo
ReplyDeleteYou will soon find the money in labour leader's account if they critisise your govt.
ReplyDeleteFayose's ranting all this while were attempt to divert attention but he did not know who he is dealing with. The court will use tape rule to measure the number of years he will rub his nose against prison bars.
ReplyDeleteIf all this happens to be true, does immunity covers someone even when found guilty with evidence?
ReplyDeleteThe last time someone came & exposed him (gov. Fayose) on national TV, nothing was done... that story was swept under the carpet.
Nice job EFCC a big thumbs up for taking their time to properly investigate, gather their facts on MR FAYOSE..
ReplyDeletePlease also investigate the following peoples account:
1. MR BOLA TINOOMBU
2. ROTIMI AMAECHI
3. PETER ODILI
4. LUCKY IGBINEDION
5. TUNDE FASHOLA
6. UMARU DIKKO
7. OBASANJO OLUSEGUN
8. IBB
9. SANUSI EMIR OF KANO
10. ATIKU ABUBAKAR
11. BUKOLA SARAKI
12. ADAMS OSHOMOLE
13. EMMANUAL UDUAGHAN
14. IBIKUNLE AMOSU & RAUF AREGBESOLA
15. KWAKWANSO OF KANO
16. LIYEL IMOKE
17, SENATOR AKPABIO
18. ALL NORTHERN GUVNORS SINCE 1999
the names plenty ooh,
SELECTIVE JUSTICE
ReplyDeleteOle ni eeee fayose you must pay for your crime committed.
ReplyDeletebut Tinubu owns Oriental Hotel in Lekki, where did the funds come from,,,,let me guess maybe is salary when he was guvnor for 8 yrs,,abeg what is tinubu monthly salary??? EFFC OVER TO YOU.....help calculate Tinubu salary for 8 years , if can build the imposing Oriental hotels
ReplyDeleteAll folks in power steal Nigeria govt funds, some even steal pension funds in their care. Just last week, govt officials in Borno stole the foods donated to IDP's...
ReplyDeleteFAYOSE is just scape goat, What Fayose or Obanikoro steal cannot compare to what Fashola or Ameachi or Akpabio steal...
IF YOU WORRY GOVT IN POWER, THEY WILL WORRY YOU.
ReplyDeleteTHAT IS WHY OBJ CREATED EFFC
IS NOT THAT OBJ IS A SAINT
WORD ON THE STREET IS THAT MR DANGOTE IS INVESTING OBJ's LOOT, THUS MAKING HIM THE RICHEST MAN IN AFRICA...WHILE ADENUGA IS INVESTING IBB's LOOT, JIM OVIA & ATEDO PETERSIDE IS INVESTING JONATHANS LOOT,,,
Do you have proof? Or you just opening your stinky mouth
DeleteSection 308 of the constitution is explicit on this, Fayose knows that though he cannot be arrested or detain but could be investigated and that is what the anti graft law has done..... during Obasanjo regime, Tinubu suffered same thing his own was so bad that his state allocation was denied him alongside their frozen assets, we equally hear that though quiet, Osun Aregbesola account is also going through an investigative process so please lets give this once lame body now very effective kudos for a job well-done even when some of us feel that they are being selective, the few they are handling are being followed up very well
ReplyDeleteNice one! Nw fayose and his associates should nw defend this!
ReplyDeleteNigeria is heading to extinction with Buhari as president and Apc as a party.The change they voted for is evil and should be seen as such.I am not in support of corruption but things should be done in proper way and the rule of Law should serve as a guide.
ReplyDeleteYou not making sense at all
DeleteWhat do you mean...he is making all the sense in the world...
DeleteApc you can't fool us cos we have seen it coming long time ago to the ONLY voice of the opposition. God will help us in this country that Hausas had turned to lawless nation
ReplyDeleteYou said Hausas, how about their Yoruba counterpart.
DeleteI pray that God will open the eyes of Yorubas especially the christians among them to see where what they are supporting is heading nigerians to. Because by the time everybody becomes oh yes members, then islamic agender will fully surface and by then it would have been late to control.
Fayose your cup has full. You did not even won the election of Ekitis state.so you must be removed there as governor
ReplyDeleteJust look at how bad your English is,yet u want to comment...its a pity...
DeleteThumbs up to the EFCC for doing their homework well unlike Fayose that started shouting without confirming the true identity of the Aisha Buhari that was indicted. I thought he said he was willing to waive his immunity if the FG finds anything against him, so why his he shouting that his immunity rights has been violated?
ReplyDeleteI expect a massive reaction from online paid jobbers as regards this revelation but all I can find is a mere handful, this report is factual, with names and figures, I am sure no one would fault this even Fayose would be wetting his panties wherever he is right now; who ever knew that this is ever going to be reveal in the open .... it is only in Nigeria that a man with such allegations if really true would not be in jail!!!
ReplyDeleteThis people will continue to chase the opposition till there 4 year tenure expires and they come and tell us that we have succeeded in fighting corruption we should vote them again for the second time they are going to use the fund gotten from them to make Nigeria better. What a strategy....Better this time, 1N=0.5dollars...Ridicule to say. MBH....It is not easy to rule Nigeria. Was this your first time as a head of this country? Msssswwwww
ReplyDeleteWhy should a class of people have immunity against the law,particularly crime?
ReplyDelete