He was released on Friday evening, after fulfilling his bail condition which include providing two federal directors as sureties and depositing his Nigerian and American passports at the EFCC office.
Senator Obanikoro last week paid the sum of 100.4 million naira to the federal government as part payment for the sum of 480 million naira he allegedly collected from the former national Security Adviser, Colonel Sambo Dasuki.
Obanikoro reported to the EFCC three months after his invitation by the anti-graft agency. He reported at an EFCC facility directly on his arrival from the United States.
He has since been in their custody while his lawyers worked assiduously to secure his release.
Mr Obanikoro has been in the United States since 2015 after the general elections, where he said he was pursuing leadership and language courses at an American university
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