According to Punch, an EFCC source revealed that it was discovered during an investigation, that Obanikoro was involved in an alleged N400m scam.

The source said “As part of investigations into the billions disbursed by Nenadi Usman during the build-up to the 2015 elections, we interrogated a suspect at our office. The suspect told us that he handed over N400m to Obanikoro in the presence of some PDP members.

“So, Obanikoro will be invited to the Lagos office of the EFCC to tell his own side of the story.”

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The ex minister was released by the anti-graft agency on Friday, November 4, 2016, after refunding N100m.