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