Embattled former Minister of State for Defence, Senator Musiliu Obanikoro may soon be let out of custody by the Economic and Financial Crimes Commission (EFCC) following indications that he has agreed to make refunds of the money he allegedly collected from the Office of National Security Adviser (ONSA).
The anti-graft agency accused the ex-minister of collecting N785 million from ONSA while in office.
His friends and associates are understood to be rallying around him to raise the funds as a first step to secure his bail.
Obanikoro is understood to be targeting N100 million as first installment of the refund.
From ONSA, about N4.685 billon was transferred to Sylva McNamara Limited, a company allegedly linked to the ex-Minister.