Senator Musiliu Obanikoro, former Minister of State for Defence, appears willing to refund the money he allegedly collected from the Office of National Security Adviser (ONSA).
The Economic and Financial Crimes Commission (EFCC) is accusing the embattled senator of collecting N785 million from ONSA while in office.
However, there are strong indications that his close pals and associates are rallying around him to raise the funds as a first step to secure his bail.
Sources close the polity say Obanikoro is targeting N100 million as the first instalment of the refund.
A source, who pleaded anonymity, said: “The ex-minister has been cooperating with detectives and he appears willing to refund some cash out of the N785 million traced to Sylvan McNamara.
“I think his associates and friends have rallied around him, having discovered that the bulk of the cash from ONSA went to Fayose and Omisore.
“I think he might initially refund N100 million to get bail reprieve in order to prevail on others who benefited from the N785 million to repay the slush funds.
“The refund is one of the issues delaying the granting of bail to the ex-minister.”