Former Minister of State for Defence, Musiliu Obanikoro will remain in the custody of the Economic and Financial Crimes Commission (EFCC) throughtout the weekend, Punch reports.

According to the news platform, a source from the commission confirmed that Obanikoro will remain in custody until Monday when investigations will continue.

The source said, “The man is still being interrogated; the operatives interrogating him have not concluded their job.

“I know that he is still with the commission as we are talking now. He is not likely to be released this weekend.”

The agency’s Head of Media and Publicity, Wilson Uwujaren on Friday also confirmed that the former minister was still in custody.

Obanikoro is being probed for the payment of N4.75bn to one Sylva McNamara company which allegedly belongs to him and his son.

Obanikoro had flew into Nigeria form the US and had immediately honoured the invitation of the EFCC.

He had said he paid N3.880bn to the Governor of Ekiti State, Ayodele Fayose and Senator Iyiola Omisore.

Obanikoro admitted he transferred N2.3bn to Fayose through his aide, Abiodun Agbele while Iyiola Omisore of Osun State got N1.7bn.

Azeez