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N4.7bn Cash Fraud: How Mrs Obanikoro Was Arrested

Musiliu Obanikoro and wife.

Mr.&Mrs. Obanikoro


The DSS for sometime now has been working in collaboration with the Economic and Financial Crimes Commission, EFCC, to track Obanikoro and his accomplices linked with the transfer of the a N4.7 billion from the Office of the National Security Adviser, ONSA, to firms owned and controlled by them.

A competent security source has told that Vanguard how the wife of the wanted former minister, Mrs. Morufat Obanikoro, was arrested in her Lagos home. The sourced said that she was nabbed as she attempted to stash away vital documents related to the N4.7 billion case.

According to the source, Mrs. Obanikoro sneaked into Nigeria only with the sole aim of ‘evacuating incriminating documents’ from her home but was thwarted by eagle-eyed security men who had been trailing her as she arrived the country from the United States, where she was staying with her husband and children. She was then whisked away.

It was gathered that the EFCC sought the assistance of the DSS to arrest Mrs. Obanikoro due to the large number of armed policemen guiding her and her home. “The truth is that she had so many policemen around her and we decided to seek the support of a sister agency to arrest her as she came in to clear the cobweb,” a top source told the newspaper.

EFCC operatives had on June 14 raided Obanikoro’s Lagos home in continuation of investigation into the N4.7 billion that was traced to two of his sons.

Checkpointcharley finds it amusing that despite the noise being made by the new Inspector General of Police, Ibrahim Idris, large number of policemen, paid by tax-payers, were at Mrs. Obanikoro’s disposal and were ready to help her against their check-payers.

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