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Fayose Received $5m from Dasuki’s Imprest, Obanikoro Tells Court

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A former Minister of State for Defence, Senator Musiliu Obanikoro, on Monday told a Federal High Court that money was given to former Governor Ayo Fayose of Ekiti State from the imprest account of a former National Security Adviser in June 2014.

Obanikoro gave evidence in the trial of Fayose before Justice Mojisola Olaterogun in Lagos, where Fayose is facing charges of N6.9bn fraud.

He was arraigned by the Economic and Financial Crimes Commission on October 22, 2018, alongside a company, Spotless Investment Ltd. He faces 11 counts.

He pleaded not guilty to the charges, and was granted bail in the sum of N50m, with one surety in like sum.

The substantive trial began on November 19, 2018, with the EFCC calling four witnesses.

On Monday, Mr. Rotimi Jacobs (SAN) appeared for the EFCC, while Messrs Kanu Agabi (SAN) and Olalekan Ojo (SAN) represented the first and second accused respectively.

Jacobs then called on Obanikoro, the fifth prosecution witness, to give evidence. The counsel led the former minister in evidence.

Jacobs asked him where he was in 2014 and he told the court that he was the Minister of State for Defence. The counsel then asked him to tell the court what he knew about the case.

The witness testified that in June 2014, when Ekiti State governorship election was near,  he received a call from the accused (Fayose), enquiring from him (Obanikoro) if there was any “message” for him from the then National Security Adviser, Col. Sambo Dasuki.

The witness said that he told Fayose that there was none but promised to check with the NSA and give Fayose feedback.

He told the court that eventually, the NSA confirmed to him that he had a “message” for the accused and that the funds would be made available.

The prosecutor then showed the witness exhibit E to confirm if it was the account to which the funds were transferred, and the witness replied: “Yes.”

The witness told the court that on June 13, 2014,  and also on June 16, 2014, funds were posted into the account, adding that the funds were from the imprest account of the NSA.

He said that he asked the accused how he wanted the money, and he told him that some amounts should be paid in Naira and others in dollars.

According to him, the money was eventually brought in a bullion van to the private wing of the Ikeja Airport, where one Agbele, sent by the accused, was on standby. He testified that after confirmation from the accused, the money was taken to Ekiti State.

The witness told the court that afterwards, he went to Ado-Ekiti to meet the accused in his hotel, known as Spotless, and gave him the dollar component which was $5m.

The prosecution counsel asked Obanikoro how many days it was to the Ekiti governorship election when he gave Fayose the money. “About three days to the election,” the witness replied.

The prosecution also asked the former minister the source of the money. “The NSA is the only person that can ascertain the source of the money; it was from the imprest account of the NSA,” he said.

The counsel asked how the money was debited and the witness told the court that he gave instructions to the managing director of Diamond Bank, but was not available when the deductions were made.

When asked his connection with the accounts, Obanikoro said that it was used for security purposes, adding that he would not want to divulge further information on that.

After the evidence, the defence sought an adjournment to enable it to cross-examine the witness. After several objections and counter objections, the judge granted an adjournment until February 4 for cross-examination of Obanikoro.

The EFCC  said that, on June 17, 2014, Fayose and Agbele took possession of N1.2bn for funding his governorship election campaign.

The Commission said that the accused reasonably ought to have known that the sum formed part of crime proceeds. It alleged that Fayose received a cash payment of $5m (about N1.8bn) from Obanikoro without going through any financial institution, noting that the sum exceeded the amount allowed by law.

It also accused Fayose of retaining N300m in his Zenith Bank account and taking control of the aggregate sums of about N622m which sums, it said, formed part of crime proceeds.

Fayose was also alleged to have procured De Privateer Ltd. and Still Earth Ltd., to retain in their Zenith and FCMB accounts the aggregate sums of N851m which formed part of crime proceeds.

He was also accused of illegally using the aggregate sums of about N1.6bn to acquire properties in Lagos and Abuja.

The accused was also alleged to have illegally used N200m to acquire a property in Abuja in the name of his elder sister, Moji Oladeji.

The News Agency of Nigeria reports that the alleged offences contravene Sections 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act, 2011.

(NAN)

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Amid Denials, ADC Reportedly Secures Rainbow Event Centre As Venue for National Convention

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Baring any last minute change, the leadership of the African Democratic Congress (ADC) under Senator David Mark and Rauf Aregbesola as National chairman and National Secretary respectively will hold the party’s National convention at the National Rainbow Event Centre in Garki on Tuesday, 14 April 2026.

The African Democratic Congress (ADC)  has being denied two venues without any cogent reasons despite early arrangements, according to sources.

First, it was alleged that the Abuja Transcorp Hilton Hotels, which was initially approached, turned down the ADC request to use it’s facility.

The ADC, having sensed sabotage, has kept the Rainbow Event Center under rap as it’s definite venue.

The last National Executive Committee (NEC) of the party was held at the same venue.

Located adjacent the Nigerian Police Force Headquarters, the event centre will host the second NEC meeting of the ADC and it’s forthcoming national convention.

According to The Guardian’ report, the ADC leadership has communicated the venue to state chapters with the caveat not to escalate it.

The ADC is in a battle of survival against the Independent National Electoral Commission (INEC) and has approached the Supreme Court for intervention.

The INEC national chairman Prof Joash Amupitan has suspended recognition of the David Mark-led ADC rendering a leadership vacuum in the party.

INEC said it’s decision was on the basis of an Appeal Court pronouncement that ordered statusquo ante-bellum be maintained.

Sources said the ADC has officially written the Inspector General of Police (IGP) Olatunji Disu for police protection, the Director of State Services and the Comptroller of Civil Defence Corps.

Reports say that why the venue is being quietly decorated moderately for the event, the ADC intends to fully move in the early hours of Tuesday.

The Guardian

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Shettima Lacks Respect, I Won’t Engage Him, Atiku Responds to VP’s Challenge

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Former Vice President, Atiku Abubakar, has hit back at incumbent Vice President Kashim Shettima over the latter’s poser over achievements in office, saying he won’t take the challenge because Shettima was disrespectful.

Shettima had reportedly challenged Atiku to provide details of eight projects he executed for the development of Northern Nigeria during his tenure as vice president for eight years, as well as name eight individuals he empowered while in office.

But, speaking in an interview with GTA Hausa podcast, Atiku said he would not engage the vice president on the matter.

“I will not respond to Kashim Shettima because he is disrespectful. I am older than him and I have more experience in governance than he does, so I will not respond to him,” he said.

The former vice president further argued that cultural values in Northern Nigeria discourage younger individuals from publicly challenging their elders in such a manner.

“It is not part of our tradition in the North to disrespect elders. You cannot look at someone who is above you in both age and accomplishments and start taunting him. That is not our tradition, so I won’t engage with him,” Atiku emphasised.

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2027: ADC Leaders Plan Massive Coalition Against APC, Tinubu

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There are indications that the ongoing dispute in the leadership of African Democratic Congress (ADC) may lead to the formation of a 10-party coalition, far bigger than what was initially envisaged, reports quoting sources close to the opposition have said.

The Senator David Mark-led leadership of the ADC was removed from the portal of the Independent National Electoral Commission (INEC) on account of what the election umpire said was its interpretation of the ruling of the Court of Appeal, which directed it to maintain status quo ante bellum in a suit involving the Mark-led executive and Nasiru Bala Gombe, a claimant to the national chairmanship seat of the party.

While Senator Mark-led team has argued that the said Bala Gombe lacks the locus standi to institute the suit or lay claim to the party’s chairmanship seat, having resigned his position in May 2025, INEC insisted it would no longer recognise either of the parties in the ADC.

Following the imbroglio, a source, however, said that those pushing the ADC might end up leading it to a bigger coalition, as the development has opened the eyes of many opposition leaders to the possibility of a broader coalition.

Last week, leaders of the ADC engaged a group of leaders from the Peoples’ Democratic Party (PDP), while it also engaged with leaders of the Peoples Redemption Party (PRP), aside from what was called ongoing cross-party discussions with the newly formed National Democratic Congress (NDC).

“What we are seeing is that the loss of ADC on one hand could be the gain of the opposition in this country. What those fighting the ADC don’t know is that you cannot keep the people silent when they are determined to exercise their rights of association. The ADC will be on the ballot in 2027 with a coalition bigger than earlier envisaged,” a source in the know stated.

The source stated that already, the ADC coalition looks good to benefit from the travails of the Tanimu Turaki-led PDP, as well as the resolve of members of other parties whose leaders believe they can benefit from a broad-based coalition in 2027.

It has earlier been reported that the attempt by the leaders of the ADC to rally a strong party behind the possible choice of former President Goodluck Jonathan or in the alternative, a Peter Obi/Rabiu Kwankwaso presidential ticket, is upsetting the ruling party, whose strategists were said to have activated cells of internal opposition within the emerging coalition.

A leader of the ADC, however, said that those pursuing the coalition party are surely pushing it into better things. The way things are going, we may end up with at least a 10-party coalition. That would be bigger than what we initially set out to do,” the source stated, adding that such a development would amount to a masterstroke against the ruling All Progressives Congress (APC) and the Independent National Electoral Commission (INEC), which he said had chosen to interpret the court ruling awkwardly.

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