The Ikoyi, Lagos home of Former Minister of State for Defence,

Punch reports that the anti-graft commission's operatives stormed the home in connection with several allegations of fraud levelled against Obanikoro and his two sons, Babajide and Gbolahan.

It was further reported that the men of EFCC recovered and seized some vital documents, vehicles and other valuables from the raid on the property situated on Layi Ajayi Bembe Street in Parkview Estate, Ikoyi.

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The EFCC further revealed that it traced N4.75bn to a company, Sylvan McNamara Limited, in which Obanikoro’s sons are allegedly directors.

The money was allegedly paid in several tranches into the company’s account from the Office of the National Security Adviser, Sambo Dasuki's account with the Central Bank of Nigeria. without executing any contract.

In a swift reaction, the media aide to Obanikoro, Jonathan Eze, alleged that the officials of the EFCC harassed innocent kids, daughters-in-law and other extended family members in the house.

He added that the operatives of the EFCC carted away cars, wristwatches and other valuables from the house during the raid.

‘‘This is against the fact that the anti- graft agency has never invited the ex-minister or any of his sons for questioning beyond the tirade and allegations its operatives have been propagating in the media space,” Eze said in a statement on Tuesday after the raid.