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Friday, 20 April 2018

EFCC Recover Properties And Cash Worth Billions Of Naira From Fayose, Obanikoro And Omisore

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).

According to TheNation, 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 PDP.


The trial of Omisore by EFCC is expected to begin any moment from now because charges have been preferred and filed against him. The EFCC is awaiting a date from the court for the arraignment of Omisore, who might be re-arrested.

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.

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