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How Zenith Bank helped Obanikoro, Fayose launder N1.2bn says branch head

28 October 2016, 14:01

Akure - The branch head of Zenith bank, Akure, Ondo state, Alade Sunday has revealed how the Akure branch of Zenith bank helped the duo of former Minister of State Defense, Musiliu Obanikoro and Ayodele Fayose, Governor of Ekiti state launder a total of N1,219,490,000, Herald reports.

The disclosure was made at the beginning of trial of one Abiodun Agbele, an accomplice of Fayose, who was arraigned alongside the former Minister, Musiliu Obanikoro (in absentia), Sylvan Mcnamara Limited, A. O. Adewale, Tunde Oshinowo and Olalekan Ogunseye (all at large) before the court on an 11-count charge bordering on money laundering to the tune of N1.2billion, allegedly transferred from the Office of the National Security Adviser (ONSA), by the embattled former NSA, Sambo Dasuki.

Sunday informed the court that he saw the accused (Agbele) on June 17, 2014, when his zonal head, Abiodun Oshodi informed him that he received a message from one Lawrence Akande who is a Regional Manager in Ibadan, Oyo state, that a customer of the bank will be coming with cash to Akure, and since his branch is in Akure, he should arrange for a bullion van to be taken to the airport to convey the cash when it arrives.

The EFCC had 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 according to News24.

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.

- News 24

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