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EFCC traces another $5m given to Fayose by Obanikoro

18 August 2016, 15:49

Abuja - The Economic and Financial Crimes Commission (EFCC) has uncovered another $5million (N1.040billion) cash allegedly given to Governor Ayodele Fayose of Ekti State by former Minister of State for Defence Senator Musiliu Obanikoro, reports Sahara Reporters.

The said cash was part of the N4.7billion funds traced to Obanikoro’s company, Sylva McNamara.

Out of the $5 million, EFCC’s investigation by the EFCC has shown how Fayose allegedly gave his associate, Abiodun Agbele, over $1million as part-payment for the acquisition of four chalets in Lagos.

Also read: EFCC traces N4.7bn arms fund to Obanikoro, Fayose

The shady deal was exposed when Agbele took the money to a Bureau De Change (BDC) operator, Ahmed Uba, who transferred the cash to Still Earth as part-payment for the properties.

Also, the EFCC has grilled Ekiti State Commissioner for Justice and Attorney-General Kolapo Kolade, who admitted that he facilitated the agreements for the four properties.

Kolade, who may face EFCC interrogators on August 30, it was gathered, said he was paid N1million for the job.

- News 24


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