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Obanikoro Banker reveals that he gave ex minister N1.2b

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Ex-Minister of State for Defence, Musiliu Obanikoro play

Ex-Minister of State for Defence, Musiliu Obanikoro


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A witness of the Economic and Financial Crimes Commission (EFCC), Damola Otuyalo, has revealed that he gave N1.2b to former minister of state for defence, Musiliu Obanikoro and Gbolahan, his son.

Otuyalo, who is the Diamond bank Head of Cash-in-Transit Services, said the Head of Operations and Technology, Mr. Premier Oiwoh instructed him to pay the N1.2b to some beneficiaries.

Otuyalo also said “The beneficiaries were not available to be paid as I did not see them and I was later directed by Mr. Premier Oiwoh to move the money to the airport where I will be given further instruction.

“We moved the cash to the airport through the Cash-In-Transit vendor, Bankers Warehouse Limited. I contacted the vendor who made the bullion van available for movement. I personally supervised the loading of the money into the bullion van and escorted them to the airport.”

Speaking further he added that “…Gbolahan got to the gate, he cleared us and we drove in. My boss, Mr. Premier Oiwoh, called me on the telephone and confirmed to me that Obanikoro was the beneficiary of the money.

“I handed my phone over to Gbolahan and he spoke to my boss. Obanikoro came to meet us at the private wing with two policemen and some friends. I recognised Obanikoro very well because he is popular.”

He said  “We loaded the first aircraft with money and Obanikoro flew with his friends on the first flight. The second aircraft was loaded with money but it could not carry all the cash due to the size of the aircraft and the weight it could carry.

“I recall that another aircraft was also used to move the final batch of the money from the bullion van. The second and third movements were supervised by Gbolahan after Obanikoro had left with the first flight.

“The operation took several hours because we got to the airport around 7am and left around 4pm. The cash was bagged in cash bags totalling about 65 and everything was offloaded from the bullion van after which I reported to my boss, Mr. Oiwoh.”

Captain Ahmed Borodo, the pilot hired by the ex-minister, reportedly confessed to the EFCC that he flew the Obanikoro on June 17, 2014, from Lagos to Akure on an HS-125 aircraft.

Borodo also disclosed that Obanikoro's men loaded about eight big green tarpaulin bags onto the plane.

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