Musiliu Obanikoro, former Minister of State for Defence, has returned N100 million to the coffers of the federal government following his arrest and detention by the Economic and Financial Crimes Commission, EFCC.

However, the EFCC chairman, Ibrahim Magu, has reportedly rejected the offer, asking for more return by the former Lagos State governorship aspirant.

Magu reportedly demanded that the former minister should sign an undertaken to pay back N600 million within a stipulated time, a demand Obanikoro reportedly rejected, saying he had no means to raise the amount.

“He refused to sign the pledge, saying the money was too much,” PREMIUM TIMES quoted an EFCC source as saying.

Meanwhile, it was confirmed that the former minister had made a payment of N100 million back to the coffers of government.

The source also added that Obanikoro, has continued to cooperate with his interrogators.

“He had really carried himself very well since he got here, really cooperating with everyone.”

Wilson Uwujaren, spokesman of the EFCC, confirmed that the former minister had indeed returned some money.

He added that the anti-graft agency was still verifying the payments and investigations were ongoing.

Obanikoro left the country shortly after the 2015 general election and was quoted as saying he would not return as according to him, the government of the day was one of intimidation.

He, however, made a U-turn and turned himself in to the EFCC on October 17 and has remained in custody since.

The former minister is accused of accepting more than N2 billion from the embattled former National Security Adviser, Sambo Dasuki; money said to be part of a $2.1 billion meant for the purchase of arms for the nation’s military.