Ex-Minister of State for Defence, Senator

According to a report by TheNation, friends and associates are rallying round him to raise the funds as a first step to secure his bail.

It was further reported the ex-Senator is willing to refund N100million as the first installment of the N785million.

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When contacted, Obanikoro’s spokesperson, Jonathan Eze, said he was not aware of the development.

Another source close to him, however, said “it is true.”