There were indications  that the Economic and Financial Crimes Commission was making arrangements to arraign the former Minister of State for Defence, Senator Musiliu Obanikoro, in the first week of November.

There were indications  that the Economic and Financial Crimes Commission was making arrangements to arraign the former Minister of State for Defence, Senator Musiliu Obanikoro, in the first week of November.

There were indications  that the Economic and Financial Crimes Commission was making arrangements to arraign the former Minister of State for Defence, Senator Musiliu Obanikoro, in the first week of November.

The source added, “He would be arranged in court for the disbursement of some of the funds traced to the account of Silva McNamara.

“I can’t say the exact charges but definitely, his case has to do with how some of the N4.7bn, traced to the account of the company, was spent.”

Babajide and Gbolahan, two of Obanikoro’s sons, were said to be directors of Silva McNamara when N4.7bn was allegedly paid into the company’s accounts.

The money was said to be part of the amount earmarked to finance the June 21, 2014 Ekiti State governorship election, which Governor Ayodele Fayose won, and the November 19, 2014, governorship poll in Osun State, which Chief Iyiola Omisore of the Peoples Democratic Party contested and lost.

Investigations on Tuesday revealed that the commission would arraign the former minister in connection with the claim that N785m was spent out of the funds traced to McNamara to prosecute the campaign against Boko Haram in Lagos and the South-West.

 “The commission will file fresh charges against Femi Fani-Kayode on November 10, 2016 in Abuja.

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