Skip to main content

Iyiola Omisore Refunds N100m To EFCC

A former Deputy Governor of Osun State, Otunba Iyiola Omisore, has refunded to the Economic and Financial Crimes Commission (EFCC) N100million of the N1.310 billion public money allegedly traced to him by the anti-graft agency.

He has subsequently been released by the EFCC from its custody to two members of the National Assembly who stood as sureties ahead of meeting his bail conditions.

He is expected return to the anti-graft agency tomorrow to perfect the bail conditions.

Highly placed EFCC sources said the deal to allow the ex-Deputy Governor go home since his arrest on July 10 was on account of his health and promise to refund about N1.310billion allegedly allocated to him by the Office of the National Security Adviser (ONSA) during the Jonathan administration.

The EFCC source said: “The EFCC granted Omisore bail on compassionate ground to attend to his health. He was actually in the hospital where he underwent surgery.

“This is an anti-graft agency under a leadership committed to respect for human rights. After undergoing operation and following his pledge to refund the N1.3billion, the commission granted him bail.”

The money was traced to his account and three firms linked to him.

The source said: “Before Omisore was granted bail, he agreed to refund the N1.310billion and a repayment schedule was mutually consented to by the suspect and the EFCC.

“To demonstrate his commitment, he has returned the N100million to the commission. The cash is what was left in his frozen account.

“We are hopeful that he will keep to the schedule of payment of the balance of N1.2billion.”

The source said Omisore could not immediately meet his bail conditions but was released to two members of the National Assembly who stood as sureties for him.

“We have respect for him and these National Assembly members. Based on this mutual trust, we granted bail to Omisore.

“The EFCC has asked him to return on Monday to fulfill other conditions for his bail including getting two directors in the public service with landed properties. We hope he will abide by his pledge.”

Omisore was arrested over N4.745 billion allegedly allocated to him and others by the Office of the National Security Adviser (ONSA).

Of this amount, about N1.310billion was traced to Omisore and three companies.

His accomplices include Governor Ayodele Fayose and ex-Minister of Defence, Mr. Musiliu Obanikoro, who has gone on self-exile in the United States.

According to a report by the EFCC, the funds were remitted as follows: Fimex Gilt Limited(N160m)-8/8/2014in UBA; Metropolitan Consortium(N350m)-9/7/14 in First Bank; Sawanara(N300m)—1/8/14 in First Bank and Metropolitan Consortium(N350m)-1/8/14 in First Bank.

A top EFCC source, who spoke in confidence, said: “Preliminary findings have shown that N1.310billion out of the N4.745billion from ONSA was remitted to the three firms and the accounts of these three companies belong to Omisore.”

https://www.today.ng/news/national/157056/3bn-fraud-omisore-refunds-n100m-efcc
Post a Comment

Popular posts from this blog

FG and labor leaders to meet today over planned strike action against increased pump price

The Federal government, leaders of the Nigeria Labor Congress NLC ‎and Trade Union allies will be meeting today May 16th to discuss on the planned strike action by the Labor congress. The labor leaders on Saturday May 14th gave FG till midnight of Tuesday May 17th to revert to the old pup price of petrol of N86.50 or face a total strike that may begin on Wednesday May 18th.

The Federal government and Labor leaders' meeting will hold at the office of the Secretary to the Government of the Federation in Abuja by 10am..

Those expected at the meeting include Minister of Labor Chris Ngige, leaders of NLC, TUC, Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and their Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN counterpart.

TRAGEDY IN GHANA-Police officer, pregnant wife, daughter perish in gory accident,new born baby survives

A Police officer, his pregnant wife, their 3-year-old daughter and their nephew died in a horrible accident on the Adabraka road Sunday dawn.

The Police officer identified as Sergeant Francis Essuman 42, with his nephew Kobby 21, and their daughter Wilhelmina 3, were accompanying his pregnant wife, Elizabeth Essuman, 36, to the hospital to deliver when the accident occurred.

According to Chief Inspector Lilly Rockson in an interview with Adom News said, the pregnant woman delivered a bouncing baby boy in the taxi half way to the hospital prompting them to panic.

In a bid to quickly get her to the hospital to avert any complications, the taxi driver was compelled to speed but ended up crushing into a Sprinter bus which was on top speed from Tudu in Accra.

Title-crazy civil servants to go

Title-crazy civil servants are scared of being sacked, The Nation learnt at the weekend. Officials, who violated the Public Service Rule banning titles until after retirement, may be retired in the coming civil service reforms.
Only those whose titles were traditionally inherited may be spared but their postings and conduct will be put under watch.
According to sources, the government is disturbed that most of the top civil servants with honorary awards actually bought them at high fees.
The affected civil servants violated the rules which grants them the right to such honors only after retirement.
Besides committing the resources of Ministries, Departments and Agencies (MDAS) to such awards, most of the civil servants used the window to “grant favour to groups, persons, and communities in violation of their oath of office.”