Senator Musiliu Obanikoro, a former Minister of State for Defence, told Justice Nnamdi Dimgba of the Federal High Court in Abuja on Wednesday, November 29, 2023, how the inability of a defunct commercial bank (Diamond Bank) to disburse large sums of money prompted the airlifting of N1.219 billion cash to former Ekiti State Governor, Ayodele Fayose, for the governorship election in the state.
The Economic and Financial Crimes Commission, EFCC, has charged Fayose and his business, Spotless Investment Limited, with money laundering in the amount of N6.9 billion.
When the prosecution’s lawyer, Wahab Shittu, SAN, urged him to throw light on the source of the alleged N1.219 billion, Obanikoro said that he did not know the source of the money and that he had merely received the information.