• N4.7bn fraud: I gave Fayose $5.377m in cash, says Obanikoro

    N4.7bn fraud: I gave Fayose $5.377m in cash, says Obanikoro

    Barely 24 hours after his detention, former Minister of State for Defence, Sen. Musiliu Obanikoro, has implicated Governor Ayodele Fayose in the N4.745billion wired to a company linked to him by the Office of the National Security Adviser (ONSA).

    The said cash was wired into the company, Sylva Mcnamara within seven months in 2014.

    He said N2.23billion was transferred to Fayose out of the slush funds.

    He said out of the sum, he handed over $5,377,000 to Fayose in cash and N1.3billion was […]

  • EFCC releases Omisore, to be charged for N4.7bn fraud

    EFCC releases Omisore, to be charged for N4.7bn fraud

    The Economic and Financial Crimes Commission, EFCC, on Friday released a former Deputy Governor of Osun State, Senator Iyiola Omisore, after 19 days in detention.

    Omisore was released on bail by the commission after meeting his bail conditions.

    The former deputy governor, who was declared wanted by the EFCC in May, was arrested on July 3, 2016 after N1.310bn was traced to the accounts of five companies allegedly belonging to him.

    The money was said to be part of the N4.7bn allegedly disbursed […]

  • N4.7bn fraud: I remain resolute, unintimidated, says Fayose

    N4.7bn fraud: I remain resolute, unintimidated, says Fayose

    Governor Ayodele Fayose of Ekiti state has said that he ‘remain resolute in making his opinions known on national issues and will not be intimidated.”

    Fayose made this known yesterday in an angry reaction to the arrest of some men, who allegedly aided and abetted the governor in laundering part of the cash taken from the office of the former National Security Officer.

    The men were said to have been arrested and detained by the Economic and Financial Crimes Commission on Monday […]

  • EFCC freezes five accounts linked to Omisore, Obanikoro’s sons over N4.7bn fraud

    EFCC freezes five accounts linked to Omisore, Obanikoro’s sons over N4.7bn fraud

    Five bank accounts traced to a former Deputy Governor of Osun State, Senator Iyiola Omisore, and the two sons of a former Minister of State of Defence, Senator Musiliu Obanikoro, have been frozen by Economic and Financial Crimes Commission, EFCC.

    The EFCC reportedly froze the accounts as part of investigations into the N4.7bn diverted from the imprest account of the Office of the National Security Adviser under the leadership of the former NSA, Lt. Col. Sambo Dasuki (retd.).

    The accounts frozen by […]