$2.1b arms deal: How Obanikoro’s sons collected N4.8b

Information has emerged on how two sons of a former Minister of State for Defence, Senator Musiliu Obanikoro, Babajide and Gbolahan, collected N4.8 billion out of the $2.1 billion meant for the purchase of arms to battle the Boko Haram insurgency.
The money was funnelled out by a former National Security Adviser, retired Colonel Sambo Dasuki.
Operatives of the Economic and Financial Crimes Commission are said to have traced N4.745 million to a company in which Babajide and Gbolahan have interest, Sylvan McNamara Limited.
The money was allegedly paid in several tranches into the company’s account with Diamond Bank from the account of the Office of the National Security Adviser with the Central Bank of Nigeria.
The account number was given as: 0026223714.
All the transfers were said to have been effected between June and December 2014.
This coincided with the period of the preparation for and conduct of the Ekiti State governorship election, which Ayodele Fayose of the Peoples Democratic Party won.
For instance, N200 million was transferred into Sylvan McNamara’s account on June 5, 2015, while N2 billion was also wired into the account from the CBN/Imprest Main account on June 16, 2015.
Another transfer of N700 million was made into the account on July 7, 2014, while N1 billion was credited to the account on July 30, 2014.
Other transfers included N160 million on August 8, 2014; N225 million on August 22, 2014; N200 million on November 14, 2014; and N200 million on December 5, 2014.
Sources disclosed that both Gbolahan and Babajide Obanikoro, as directors of the company, were signatories to its account until 2014 when one Olalekan Ogunseye was made the sole signatory.
It was said that payments to the company from the office of the National Security Adviser were made without any contract specified.
Efforts to reach Obanikoro on Friday were unssuccessful.
It is believed Obanikoro is still in the United States of America where he is said to be furthering his studies.
$2.1b arms deal: How Obanikoro’s sons collected N4.8b
Information has emerged on how two sons of a former Minister of State for Defence, Senator Musiliu Obanikoro, Babajide and Gbolahan, collected N4.8 billion out of the $2.1 billion meant for the purchase of arms to battle the Boko Haram insurgency.
The money was funnelled out by a former National Security Adviser, retired Colonel Sambo Dasuki.
Operatives of the Economic and Financial Crimes Commission are said to have traced N4.745 million to a company in which Babajide and Gbolahan have interest, Sylvan McNamara Limited.
The money was allegedly paid in several tranches into the company’s account with Diamond Bank from the account of the Office of the National Security Adviser with the Central Bank of Nigeria.
The account number was given as: 0026223714.
All the transfers were said to have been effected between June and December 2014.
This coincided with the period of the preparation for and conduct of the Ekiti State governorship election, which Ayodele Fayose of the Peoples Democratic Party won.
For instance, N200 million was transferred into Sylvan McNamara’s account on June 5, 2015, while N2 billion was also wired into the account from the CBN/Imprest Main account on June 16, 2015.
Another transfer of N700 million was made into the account on July 7, 2014, while N1 billion was credited to the account on July 30, 2014.
Other transfers included N160 million on August 8, 2014; N225 million on August 22, 2014; N200 million on November 14, 2014; and N200 million on December 5, 2014.
Sources disclosed that both Gbolahan and Babajide Obanikoro, as directors of the company, were signatories to its account until 2014 when one Olalekan Ogunseye was made the sole signatory.
It was said that payments to the company from the office of the National Security Adviser were made without any contract specified.
Efforts to reach Obanikoro on Friday were unssuccessful.
It is believed Obanikoro is still in the United States of America where he is said to be furthering his studies.