The Economic and Financial Crimes Commission (EFCC) has uncovered about N4.745 billion curious transfers made into the account of two sons of a former Minister of Defence, Mr. Musiliu Obanikoro.
The sons are Babajide and Gbolahan, who are both directors of the company used in siphoning the funds.
There were strong indications that the funds were used to prosecute the governorship polls for the Peoples Democratic Party (PDP) in Ekiti and Osun states.
Obanikoro, who is already holed up in the United States, was central to the coordination of the governorship poll in Ekiti and Osun states, including alleged abuse of deployment of troops.
It was also learnt that a former Accountant-General is also on the radar of the EFCC, being one of the beneficiaries of another set of slush funds used for PDP’s campaign in the South-West.
All the slush funds were drawn from the Office of the National Security Adviser (ONSA).
Reliable sources in the anti-graft agency, who spoke in confidence, said the N4.8 billion was paid in tranches.
One of the sources said: “Two sons of former Minister of State for Defence, Musiliu Obanikoro, Babajide and Gbolahan, are currently on the radar of the EFCC. About N4,745,000,000.00 was traced to a company, Sylvan McNamara Limited, in which they have interest.
“The money was allegedly paid in several tranches into the company’s account number: 0026223714 with Diamond Bank from the Office of the National Security Adviser account with the CBN.”
According to another source, “all the transfers were done between June and December 2014, a period that coincided with the preparation for and conduct of the Ekiti state gubernatorial election which ushered in the current administration of Governor Ayodele Fayose.
“For instance, N200 million was transferred into Sylvan Mc Namara’s account on June 5, 2015, while N2 billion was also wired into the account from the CBN/Imprest Main account on June 16, 2016.
“Another transfer of N700 million hit the account on July 7, 2014, while N1 billion was credited to the account on July 30, 2014.
“Other transfers included N160 million on August 8, 2014; N225 million on August 22, 2014; N200 million on November 14, 2014 and N200 million on December 5, 2014.
“Both Gbolahan and Babajide Obanikoro, directors of the company, were also signatories to its account until 2014 when one Olalekan Ogunseye was made sole signatory to the account.
“The payments to the company from the office of the National Security Adviser were made without any contract.”
Responding to a question, the first source added: “Some of the funds traced to Obanikoro’s son’s account were meant for procurement of arms.
“We are making necessary contact with the son of the ex-minister for appropriate interaction with our operatives.
“We hope he will get in touch as required or else we may invoke necessary legal procedures to make him to account for these curious payments.”
Meanwhile, a former Accountant-General was said to be under surveillance of the EFCC for allegedly receiving about N1.450nbillion from ONSA.
Investigation confirmed that the ex-AG made four accounts available to ONSA where the N1.450 billion was remitted into.
The affected companies and the breakdown of the cash were as follows: Stellavera Development Company (N300 million); First Aralac Global Limited (N300 million); First Aralac Global Limited (N100 million); Damaris Mode (N300 million); Stellavera Development Company (N200 million); Whese Farms Ltd (N250 million).
A source said: “These funds paid to the four companies had nothing to do with any project. Findings revealed that the remittances might be for political purposes.
“Already, a Staff Officer in ONSA in charge of the remittances has made a useful statement to the EFCC.
“The former AG is already placed on surveillance pending the conclusion of preliminary investigation. We will soon invite the ex-public officer for interaction.”