The cash, detectives believe, was from the N4.745 billion allocated to a former Minister of State (Defence), Musiliu Obanikoro, by the ONSA as a war chest to win the governorship elections in Ekiti and Osun States in 2014.
The EFCC has facts to believe that the associate allegedly acted as a front for the governor, who is under investigation. The agency may seize the properties under the Interim Forfeiture Clause of the EFCC Act.
According to a source, investigators have established a link between the N1.29 billion and the three mansions.
The source said: “We have been able to trace the three mansions in Abuja and Lagos to a key associate of Fayose.
“Our investigators have retrieved relevant documents, including the mode of payment for the houses.
“Part of the N1.29billion credited to Fayose was used for the acquisition of the mansions. We are suspecting that the associate allegedly acted as a front for the governor.
“We will certainly invoke the appropriate laws to seize the assets after conclusion of investigation.”