OBANIKORO COMMITS DOUBLE OFFENCE

Mr. Obanikoro, who returned from the U.S. two weeks ago
and surrendered to the anti-corruption agency following one year
on the lam, wrote several checks to the EFCC to fulfill his promise
to refund part of the N4.7 billion laundered through him and his son to
finance the election of Governor Ayo Fayose of Ekiti State in 2014.



Mr. Obanikoro, also a former ambassador to Ghana, admitted
to embezzling N800m of the funds and promised to refund all
of it. The initial agreement with EFCC investigators was for
the former minister to refund N100m as a condition for his bail from custody.



However, two weeks after his detention, Mr. Obanikoro has only
succeeded in paying back N24m. He then issued a series of checks
to the recovery account of the federal government last week, but EFCC
operatives detailed to process the checks discovered that the account to
which they were issued had no money.