An official of Diamond Bank, Damola Otuyalo, has told officials of the
Economic and Financial Crimes Commission that he personally handed over
N1.2bn to a former Minister of State for Defence, Senator Musiliu
Obanikoro, and his son, Gbolahan.
The entire exercise was said to have been captured on a Closed Circuit Television.
According to the EFCC, the N1.2bn was part of the N4.7bn paid into the
company account of Obanikoro’s sons by the Office of the National
Security Adviser during the build-up to the Ekiti and Osun states
governorship election in 2014.
The bank official was quoted to have said, “The beneficiaries were not
available to be paid as I did not see them and I was later directed by
Mr. Premier Oiwoh to move the money to the airport where I will be given
“We moved the cash to the airport through the Cash-In-Transit vendor,
Bankers Warehouse Limited. I contacted the vendor who made the bullion
van available for movement. I personally supervised the loading of the
money into the bullion van and escorted them to the airport.”
Otuyalo said on getting to the airport around 7am, he was not allowed
into the private wing because he and the security detail did not have a
He said a few minutes later, Obanikoro’s son came to the main gate and asked the security to let the bullion van in.
The bank official further stated, “When Gbolahan got to the gate, he
cleared us and we drove in. My boss, Mr. Premier Oiwoh, called me on the
telephone and confirmed to me that Obanikoro was the beneficiary of the
“I handed my phone over to Gbolahan and he spoke to my boss. Obanikoro
came to meet us at the private wing with two policemen and some friends.
I recognised Obanikoro very well because he is popular.”
Otuyalo told detectives that due to the large amount of money involved,
it took them several hours to offload the cash unto the aeroplane.
He explained that it took three aeroplanes to carry all the money.
Detectives told Punch correspondent that the N1.2bn was flown to Akure
Airport and Obanikoro allegedly handed over the money to an associate of
Ekiti State Governor, Ayodele Fayose, Mr. Abiodun Agbele, who had since
been detained by the EFCC.