In a recent report by Nation newspaper, EFCC sources detailed how the former Senator disbursed the funds, which were part of the  $2.1billion meant for arms from the Office of the National Security (ONSA).

According to EFCC's investigation, N4.745billion was wired into Sylva Mcnamara within seven months in 2014.

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Below are details of how the funds were disbursed.

N2.23billion was allegedly transferred to Governor Ayo Fayose out of the N4.745billion.

N60million was converted to $5,377,000 to Fayose in cash and N1.3billion was received by the governor’s associate, Mr. Abiodun Agbele.

N1.3billion was flown to Akure airport in two chartered flights for delivery to Agbele.

N N759, 384, 300 changed into Dollars through Bureau De Change firms;

N160million was used to purchase cars through Balmoral International Limited;

N1, 219, 490,000 was ferried by Obanikoro in two flights to a branch of Zenith Bank at Plot 13, Alagbaka Estate, Akure to evacuate the cash and received by Fayose’s associate, Abiodun Agbele;

N2billion allegedly withdrawn by Obanikoro and his two children in cash.