THE Economic and Financial Crimes Commission (EFCC) has recovered property and cash worth N2.273 billion from Governor Ayodele Fayose, ex-Deputy Governor Iyiola Omisore and a former Minister of State for Defence, Senator Musiliu Obanikoro, out of the N4.685 billion allocated to them by the Office of National Security Adviser (ONSA).
The said cash, which was sourced from the $2.1 billion voted for arms procurement, was meant for the 2014 governorship campaign by Fayose and Omisore on the ticket of the Peoples Democratic Party (PDP).
The trial of Omisore by EFCC is expected to begin any moment from now because charges have been preferred and filed against him.
But the prosecution of Fayose is withheld till after the completion of his tenure and immediately he hands over to the next governor of the state.
But Obanikoro, who was allegedly the courier of the fund to Fayose and Omisore, was still being investigated by detectives following more cases he was allegedly linked with.
A fact-sheet obtained from the EFCC revealed that out of the N4.685 billion, detectives traced N2.0030 billion to Omisore; N685 million to Obanikoro and N1.3 billion and $5.377 million (at the exchange rate of N168 to $1) to Fayose.
The document said: “The N4.685 billion was disbursed by ONSA through a company, Sylvan McNamara Limited, which was submitted by Obanikoro for onward transfer to Fayose and Omisore for their gubernatorial election in 2014 on the platform of the PDP.
“Out of the sum, Omisore got N1.7 billion and additional N330 million was given to him through his company, Fimex Guilt Limited, bringing his campaign slush cash to N2.0030 billion.
“From his share, Omisore has paid back N350 million. Although he pleaded for more time, EFCC is expecting the balance from him.”
“A sum of N123 million has been recovered from Obanikoro, who claimed he was only asked to deliver the cash to both Fayose and Omisore for their gubernatorial campaign.
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