Obanikoro recovers seized properties worth N500m from EFCC

Musiliu Obanikoro, his wife, Morophat and sons have reportedly recovered properties worth N500 million that were seized by the EFCC.

Obanikoro recovers seized properties worth N500m from EFCC lailasnews


Recall that Obanikoro is standing trial alongside former Ekiti state governor, Ayo Fayose. He is alleged to have received N4.7bn from the Office of the National Security Adviser under the leadership of Col. Sambo Dasuki (retd.) in 2014.

Punch reports that about N2.2bn out of the funds was allegedly handed over to Ayo Fayose who was then a PDP governorship candidate. The money was allegedly released to rig the Ekiti state governorship election. It is also alleged that N1.3bn from the money was given to the then Osun State governorship candidate, Senator Iyiola Omisore.

The properties include four terrace houses located at 44 Mamman Kotangora Crescent in the highbrow Katamkpe Extension area of Abuja; a parcel of land in Guzape District and a duplex at Olori Mojisola Onikoyi Avenue, Ikoyi, Lagos.

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Obanikoro, who defected to APC in November 2017, is now a prosecuting witness and is expected to testify against Fayose in the ongoing trial.

The EFCC acting spokesperson, Tony Orilade, says he is not aware of the houses that have been allegedly recovered but however promised to give an update soon.

86 Comments

  1. Honestly during good luck regime, money was spent a lot for election rigging. Thank God all those involved are now been apprehended.

  2. it was just a politics, for them to release his property and he will stand against Ayodele Fayose in court as a witness of the given him during ekiti election in 2014.

  3. Everything, Fayose name must be called one way or another, it is well, See How they spend money like water.

  4. His own properties are being released, because he is going to be a key witness to the fact that he gave Fayose money for the Ekiti election. Congrats to him anyway

  5. He could recover his properties because he has defected to the ruling party so that he can testify against fayose. Later the federal government will say they are fighting corruption. Fighting corruption with corruption.

  6. The property has been returned to him because he has joined the ruling party.
    EFCC has become a Rubber stamp in the hands of APC

  7. When actual Nigerian government we start their corrupt constitute, Later the federal government will say they are fighting corruption. Fighting corruption with corruption.

  8. When actual Nigerian government we start their corrupt constitute, Later the federal government will say they are fighting corruption. Fighting corruption with corruption.

  9. Something fishy is going on,he defected to APC in 2017,now he recovered his properties and standing as a witness to prosecute fayose.

  10. A different story now from the first one, how will the spokes person not be aware if properties were released or not, these people are just using us to play.

  11. Who says money no dey this country.? All this money Na one person get am ooo Anyways, thank God for the recovery

  12. This is outrageous, I think he is having it easy because he defected to APC. See how the economy’s fund is been spent. It is well

  13. Musiliu obanikoro remain one among the most respected personnel and no matter what will bring him down.. A man of honour

  14. How can one soul spend such money juat to occupy one space or the other…politics and their problems…God help us all…

  15. congrats to him and efcc really they have prove to us that they are after justice and I they will stick to it.

  16. Recovering your properties back all because you’ve joined APC. All natural politics hope.
    They need you to testify against fayose, so you’re not guilty in all Abi? Don’t forget that all that goes around comes around

  17. Thank God for the recovery, God will always fight for his children and will never allow them to be put to shame.

  18. Baba has danced to the beat, so he is no longer found guilty . EFCC na una Sabi. Congratulations on the release of your properties.

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