EFCC released Omisore as he refunds N100m

EX- Deputy Governor of Osun State, Otunba Iyiola Omisore
 Otunba Iyiola Omisore

EX- 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.

Otunba Iyiola Omisore has been released by the EFCC from its custody

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

 Sources to EFCC 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 DANSUKI

: “The EFCC granted Omisore bail on compassionate ground to attend to his health.

 N1.310 billion public money was  traced to his account and three firms linked to Iyiola Omisore.

 Omisore was granted bail, on condition that he will 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.”

However, 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.”

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.

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.


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