Calculations by our correspondent showed that the former minister has now returned N167m to the Federal Government.
A reliable source told PUNCH that the former minister paid the money from his Diamond Bank account to the EFCC Recovered Funds Account.
“He has made a payment of N30m, his first instalment in 2017. He is also reporting at the EFCC as he should.”
The ex-minister, who returned to Nigeria in October 2016, after spending about 15 months in the United States, was accused of receiving N4.7bn from the Office of the National Security Adviser under the leadership of Col. Sambo Dasuki (retd.).
Obanikoro had said in his statement of oath at the EFCC that after receiving the money in 2014, he gave N1.219bn to the then governorship candidate of the Peoples Democratic Party in Ekiti State, Mr. Ayodele Fayose, while N1.3bn was given to the PDP governorship candidate in Osun State, Senator Iyiola Omisore.
He also confessed to giving Fayose a separate $5.377m at Spotless Hotel in Ekiti State in the presence of party stalwarts, including the then PDP state secretary, Mr. Tope Aluko.
Obanikoro was said to have kept about N785m for himself, which he allegedly spent while campaigning ahead of the PDP governorship primary in Lagos State, which Mr. Jimi Agbaje won.
However, the EFCC asked him to return about N584m, out of which he has returned N167m.