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).<\/p>\n
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).<\/p>\n
The trial of Omisore by EFCC is expected to begin any moment from now because charges have been preferred and filed against him.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
The document said: \u201cThe 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.<\/p>\n
\u201cOut 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.<\/p>\n
\u201cFrom his share, Omisore has paid back N350 million. Although he pleaded for more time, EFCC is expecting the balance from him.\u201d<\/p>\n
\u201cA 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. <\/p>\n","protected":false},"excerpt":{"rendered":"
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 … <\/p>\n","protected":false},"author":2,"featured_media":606,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/605"}],"collection":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=605"}],"version-history":[{"count":1,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/605\/revisions"}],"predecessor-version":[{"id":607,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/posts\/605\/revisions\/607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=\/wp\/v2\/media\/606"}],"wp:attachment":[{"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.quriusolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}