EFCC Finally Releases Senator Iyiola Omisore

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Following the granting of bail to senator Iyiola Omisore, the EFCC has declared its intention to charge him over N1.4bn alleged fraud.
Senator Iyiola Omisore
Senator Iyiola Omisore
After 19 days in detention, the Economic and Financial Crimes Commission released a former Deputy Governor of Osun State, Senator Iyiola Omisore.
It was learnt that Omisore was released on bail on Friday by the commission after meeting his bail conditions, Punch reports.The former deputy governor, who was declared wanted by the EFCC in May, was arrested on July 3, 2016 after N1.310bn was traced to the accounts of five companies allegedly belonging to him.

The money was said to be part of the N4.7bn allegedly disbursed by a former Minister of State for Defence, Senator Musiliu Obanikoro and his two sons, Gbolahan and Babajide.

The N4.7bn was said to have emanated from the account of the Office of the National Security Adviser in 2014 and then transferred to the Diamond Bank account of Sylvan McNamara, a company in which Obanikoro’s sons are the signatories to its bank account.

Omisore allegedly received the funds in four tranches from Sylvan McNamara between July and August 2014, a few weeks before the Osun State governorship election which he lost.

A document detailing the transaction showed that the money was paid into accounts of three companies allegedly belonging to Omisore.

Omisore had, however, denied receiving any money from the ONSA. The former deputy governor had also sued the EFCC for N10bn and prayed a Federal High Court in Abuja to grant him an order of perpetual injunction restraining the “defendants (EFCC) either by themselves, their agents, officers, servants, privies or otherwise however called from making such or similar defamatory publication of and concerning the plaintiff (Omisore) to any person or persons.”

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Meanwhile, it was learnt that the anti-graft agency will soon charge Omisore alongside Mr. Abiodun Agbele, an aide to Governor Ayodele Fayose of Ekiti State.

Agbele is alleged to have received N1.219bn from Obanikoro on behalf of Fayose during the build-up to the June 21, 2014 governorship election in Ekiti State.

A source at the EFCC said, “We have already started putting the charges together because we have virtually completed investigations and we are lining up witnesses against them. They will be charged for fraud very soon.”

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