N1.3bn Fraud: Omisore Refunds N100m To EFCC

IMAGE

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.”