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.”

https://www.today.ng/news/national/157056/3bn-fraud-omisore-refunds-n100m-efcc

But he claimed he didn't receive any money!

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.

See life! These privileged few including FFK, Mettuh, Dasuki, Bafarawa, Diezanni, Akpobolokemi and many others too numerous to name PRACTICALLY STOLE OUR FUTURE when they held sway (which is actually now our today). They all first denied any wrongdoing but are now returning or willing to return money!

Whether we all agree or not, the fact remains that the state of our economy today is LARGELY a result of the senseless looting under the watch of GEJ. The loss of earnings as a result of drop in crude sale and militancy only compounded our problems brought on us by those looters.

To make things worse, PMB, though a very sincere leader, is too slow in taking certain decisions that could have lessened the impact of our past poor choices/decisions. I wish he can be more bullish at tackling the economy. For example, why can't the government inject recovered loots into the economy? What about the money mopped through the TSA? I am sure our president can do far better than he is currently doing.

DropShot:
But he claimed he didn't receive any money!

initial gragra na

What precedent is Buhari's Efcc trying to set here?
Are the telling us that, if you are a rich and powerful politician who embezzled public funds,
All you have to do is return part of the money and promise to pay the rest back installmentally,
And you will be let go by Efcc? .
Seems being jailed for stealing in this country only happens to the poor and powerless?

hungryboy:
What precedent is Buhari's Efcc trying to set here?
Are the telling us that, if you are a rich and powerful politician who embezzled public funds,
All you have to do is return part of the money and promise to pay the rest back installmentally,
And you will be let go by Efcc? .
Seems being jailed for stealing in this country only happens to the poor and powerless?

I understand your sentiments and emotions.

However, the plea bargaining is more effective with these big thieves than prosecution. They have amassed too much wealth that prosecuting them can drag for years without getting better returns even after successful prosecution. Imagine getting Omisore successfully jailed for five years after prosecution without getting him return the N1.3 billion!

let them return our yam

DropShot:

I understand your sentiments and emotions.

However, the plea bargaining is more effective with these big thieves than prosecution. They have amassed too much wealth that prosecuting them can drag for years without getting better returns even after successful prosecution. Imagine getting Omisore successfully jailed for five years after prosecution without getting him return the N1.3 billion!

don't mind that boi, no wonder they call him hungryboy

They should learn to do the right thing at the right time!

That returned 100m should be wired immediately to the Nigerian embassy in new york to pay salaries and do some repair works.

We already have excess monies trapped inside TSA.

Half bread is better than none.even if the looters return their loots and don't end up in jail,its acceptable.its a testament of buhari's performance.let's support buhari and apc

I remember during the campaign before the last election at Osun State, he was spraying money carelessly to the hungry mofos that were there.

After returning the money they stole,these people should jailed too.

PMB don't disappoint me.

hungryboy:
What precedent is Buhari's Efcc trying to set here?
Are the telling us that, if you are a rich and powerful politician who embezzled public funds,
All you have to do is return part of the money and promise to pay the rest back installmentally,
And you will be let go by Efcc? .
Seems being jailed for stealing in this country only happens to the poor and powerless?

Please what precedence did your hero the ineffectual buffoon set when he gave the key to the treasury to ATM-Dasuki to loot and share the treasury among his gang of thieves?

Every day we hear they return millions yet buhari government is still broke

It is only characters like omenka and the afonjas will believe this

Why is it that it is during investigations these thieves always have medical issues to attend to? It's worrisome.

lol.. make una deal with am till he return everything

So he agreed to have unlawfully collected #1.3B?


What did they do for that poor man that stole maggi the other day




I'm waiting to read the Wailers' comments about this

When will he balance us?

when u catch the finance minister who says there's no money in the country

Fayose of Ekiti State, be ready to return yours o. well if you no return am EFCC go sell your property wey dem seize.

na wao! Notherners and southwseterners steal this country dry ooo.

todayboy:
Every day we hear they return millions yet buhari government is still broke

It is only characters like omenka and the afonjas will believe this

Am wondering too about this refund matter..yet we are broke as a nation

Fayose,your man has started refunding his own share of the loot
Your own will soon come

dermmy:
Fayose of Ekiti State, be ready to return yours o.

tinubu, fashola, amaechi, atiku, obj, ibb nkor?

MAY GOD HELPS PDP HAVE DISSAPOINT US.. WE REALY WANT CHANGE IN nigeria ad that is what we have,,, and change is a gradual process....

PigMeat:

tinubu, fashola, amaechi, atiku, obj, ibb nkor?

Leave those ppl for me i go try them myself

hahahahahahaha omisore baba* to much mouth, suing the efcc, oyah kontinu* all the money you people stole return everything, its not witch hunting again now bah? the account from which you people were paid is a dasuki-gate account and you people had the audacity to tell we Nigerians that we are foolish.....

rubbish thieves everywhere, in high and low places.....

DropShot:
But he claimed
...


See life! These privileged few including FFK, Mettuh, Dasuki, Bafarawa, Diezanni, Akpobolokemi and many others too numerous to name PRACTICALLY STOLE OUR FUTURE when they held sway (which is actually now our today.

These along with Omisore are the biological and adopted children of.....