N4.7b Arms Fund: Fayose’s Associates Holed Up In Ekiti Govt House

Governor-Ayo-FayoseSome of the major suspects in the N4.7billion arms cash allegedly involving Governor Ayodele Fayose and former Minister of State for Defense, Senator Musiliu Obanikoro, have reportedly holed up in the Ekiti State Government House.

Detectives from the Economic and Financial Crimes Commission, EFCC, were yesterday in Ado-Ekiti, the State capital, to effect the arrest of some of the suspects but found nobody.

The suspects were said to have gone into hiding in the palatial Oke Ayoba Government House where they are safe from arrest.
“They are all holed up in the place but they can’t hide forever”, an EFCC source said last night.

In a related development, the claim by Gov. Fayose yesterday that Zenith Bank finance his election in 2014 may not be true after all in spite of his threat to name officials of the financial institution involved in the transfer of money into his account “if they cannot stand by what they did because of the threat from the EFCC”.

A source disclosed that following the ‘suspicious transactions’ of N4.745billion by Fayose’s associate, Abiodun Agbele, the bank reported to the Nigerian Financial Intelligence Unit (NFIU) as required by law.

An EFCC source, who spoke on the condition of anonymity, said Zenith Bank reported the N1.219billion suspicious transactions by Musiliu Obanikoro and Agbele to the NFIU.

“We have been on this case for a while. From the facts available, Zenith Bank reported the transactions to NFIU”, the source added.

“We have intelligence report that some of these people wanted in connection with the ongoing investigation have been moved to the Government House in Ado-Ekiti”.

On the reaction of Gov. Fayose to the details of the financial transactions on his accounts exposed by the EFCC, the source said: “We have nothing to react to at all because we have put the incontrovertible facts in the public domain.

“Let Fayose go and defend himself. We will not take up issues with him any longer. And having shifted his defence to Zenith Bank, it is the duty of the media to hear from the bank”.

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