The ongoing interrogation of the former Minister of State for Defence, Musiliu Obanikoro, entered its third day on Wednesday with the ex-minister saying that N785m out of the N4.68bn, allegedly collected by him, was spent on souvenirs and other items to promote anti-Boko Haram campaign in Lagos.
Obanikoro is being grilled by the Economic and Financial Crimes Commission in connection with disbursement of N4.68bn, the anti-graft commission claimed was collected by the ex-minister in the run-up to the governorship election in Ekiti State in June 2014 and Osun State in August 2014.
The ex-minister, who flew in from his United States base on Monday and reported to the EFCC, admitted on Wednesday that he transferred N1.7bn of the money to the 2014 governorship candidate of the Peoples Democratic Party in Osun State, Senator Iyiola Omisore. “He told the panel that the N785m was spent on procurement of souvenirs for the campaign against Boko Haram in Lagos out of which N200m was spent on surveillance activities and N200m out of other remaining funds for operations was managed by the supposed owner of the company, Taiwo Kareem,” a source in the commission added. Read more