Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Dasukigate: N4.75bn traced to Obanikoro’s sons

30 January 2016, 10:00

Lagos - The Economic and Finanacial Crimes Commission (EFCC) has traced the sum of N4.75bn to a Diamond Bank account, owned by Silva McNamara Limited, Punch reports.

According to the EFCC Task Force, the funds discovered in Silva McNamara Limited’s account is connected to the ongoing investigation of the alleged diversion of $2.1bn meant for arms procurement under the immediate past administration of Goodluck Jonathan.

Gbolahan and Babajide Obanikoro, two sons of the former Minister of State for Defence, Musiliu Obanikoro, were discovered to be on the board of the company.

Also read: Buhari, Jonathan in war of words over arms purchase

Obanikoro’s sons were said to have been on the board of the company until 2014 when Olalekan Ogunseye became the sole signatory to the company’s account.

The EFCC investigations revealed that the N4.75bn was paid into the McNamara account, in batches, from the Central Bank of Nigeria Imprest Account of the National Security adviser between June 6, 2014 and December, 12, 2015.

The funds were transferred into the company’s account within a six-month period.

Read more at Punch

- News 24


Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...