The Economic and Financial Crimes Commission, EFCC, says it has uncovered how an estimated N4.745bn worth of bank transfers were made in favour of two sons of former Minister of state for Defence, Senator MUSILIU OBANIKORO.
The suspicious funds were said to have been paid into the account of BABAJIDE and GBOLAHAN OBANIKORO by the Office of the former National Security Adviser, SAMBO DASUKI.
The duo are Directors of the company used in siphoning the funds.
It is believed that the amount was used in prosecuting the 2014 governorship elections for the Peoples Democratic Party, PDP, in Ekiti and Osun states.
It would be recalled that OBANIKORO was at that time central to the coordination of the Ekiti and Osun elections, including alleged abuse of deployment of troops.