I transfered N1.2bn from Obanikoro child's record –Banker

Senator Obanikoro

The Head of Treasury Operations at Diamond Bank, Mr. Olaitan Fajuyitan, has told authorities of the Economic and Financial Crimes Commission that he exchanged N1.2bn from the ledger of an organization having a place with Gbolahan Obanikoro, a child of a previous Minister of State for Defense, Musiliu Obanikoro.

Fajuyitan said this in his announcement of vow at the EFCC when he was tested by the counter unite office.


The EFCC had welcomed the investor as a major aspect of examinations concerning the N4.7bn that was purportedly paid into Obanikoro's child's record by the Office of the National Security Adviser in June 2014.

The record named, Sylvan McNamara, with number 0026223714, has subsequent to been solidified by the counter unite organization.

Fajuyitan told investigators that on June 16, 2014, he was given a guideline by the bank's Head of Operations, Mr. Chief Oiwoh, to exchange N1.2bn to a few records.

He said, "On June 16, 2014, my supervisor, Premier Oiwoh, instructed me to do an exchange for Sylvan McNamara. The guideline was for the installment of N1.2bn.

"The client's physical guideline was that its record number, 0026223714, be charged with N1.2bn and pay the accompanying individuals: Saturaki Bello, N200m; Yusuf Bulama, N120m; Chimenum Njoku, N250m; Franklin Tolani, N150m; Josiah Moses, N280; and Abubakar Sadiq Zanna, N200m.

"My administrator (Oiwoh) approached me to give the assets to the Cash-In-Transit unit for ahead installment to the recipients."

In any case, it was learnt that the money, which was initially discharged for the six recipients, was given over to Gbolahan under the falsification that the six persons couldn't be found.

Damola Otuyalo, the Head of Cash-in-Transit Services, had told the EFCC that in the wake of accepting the cash from the treasury unit, he was not able pay the six recipients the cash and his chief (Oiwoh) then educated him to move the N1.2bn to the private wing of the Murtala Muhammed Airport, Lagos on June 17.

Otuyalo had said, "The recipients were not accessible to be paid as I didn't see them and I was later coordinated by Mr. Head Oiwoh to move the cash to the airplane terminal where I will be given further direction.

"We moved the money to the air terminal through the Cash-In-Transit merchant, Bankers Warehouse Limited. I reached the merchant who made the bullion van accessible for development. I for one regulated the stacking of the cash into the bullion van and escorted them to the airplane terminal."

Source: The Punch