• Omisore refunds N350 million to EFCC

    Omisore refunds N350 million to EFCC

    A former Deputy Governor of Osun State, Senator Iyiola Omisore, has now paid back N350million of the N1.7billion public funds which the Economic and Financial Crimes Commission ( EFCC) traced to him.

    Omisore first paid N300million and another N50million to the EFCC yesterday.

    A top-level source in the EFCC confirmed the development, saying: ”We hope he will pay up the balance as soon as possible.”

    “We are determined to retrieve all slush funds for the nation’s use,” the source added.

    About N4.685billon was transferred […]

  • $2.1bn arms deal: FG to use Obanikoro as prosecution witness against Fayose, Omisore

    $2.1bn arms deal: FG to use Obanikoro as prosecution witness against Fayose, Omisore

    According to reports, the Federal Government may have concluded plans to make use of a former Minister of State for Defence, Senator Musiliu Obanikoro, as prosecution witness against the Ekiti State Governor, Ayodele Fayose, and a former deputy governor of Osun State, Senator Iyiola Omisore, in the ongoing probe of $2.1billion arms deal involving a former National Security Adviser (NSA) to former President Goodluck Jonathan.

    Fayose, had earlier been indicted by a military panel, which alleged that Fayose was among those […]

  • N4.7bn scam: How Obanikoro gave N3.8bn to Fayose, Omisore

    N4.7bn scam: How Obanikoro gave N3.8bn to Fayose, Omisore

    Detained former Minister of State for Defence, Senator Musiliu Obanikoro, on Wednesday stunned the Economic and Financial Crimes Commission with a fresh revelation that he gave former Osun State Deputy Governor, Senator Iyiola Omisore, the sum of N1.7 billion out of the N4.7 billion he got from embattled former National Security Adviser, retired Colonel Sambo Dasuki.

    The former Nigerian Ambassador to Ghana, it was learnt, made the revelation after spending the second night in EFCC custody in Abuja since he arrived […]

  • Obanikoro implicates Fayose, Omisore in fresh revelations about how N4.745billion was shared

    Obanikoro implicates Fayose, Omisore in fresh revelations about how N4.745billion was shared

    The detained former Minister of State (Defence) Musiliu Obanikoro yesterday made more revelations on how the N4.745billion wired to a company linked to him by the Office of the National Security Adviser (ONSA) was shared.

    The money comprised N4.685billon transferred to Sylva McNamara Limited and N60million ($5.77m) cash personally given to Ekiti State Governor Ayo Fayose by the ex-Minister.

    Fayose issued a statement yesterday, saying Obanikoro’s return from overseas was planned to nail him. He did not deny receiving money from the […]

  • I gave Fayose, Omisore N2.5bn for Ekiti, Osun elections – Obanikoro

    I gave Fayose, Omisore N2.5bn for Ekiti, Osun elections – Obanikoro

    Former minister of state for Defence, Sen. Musiliu Obanikoro, allegedly told Economic and Financial Crimes Commission (EFCC) that N1. 2 billion was transfered to Ekiti Governor Ayodele Fayose, in 2014, from the Office of the National Security Adviser (ONSA) for the governorship election.

    Obanikoro, who is still in EFCC custody reportedly said the cash was wired into a company, Sylva Mcnamara’s bank account within seven months, in 2014.

    A source within the commission said the ex- minister was confronted with water-tight evidence […]

  • Budget padding: Attempt to implicate me unfortunate – Omisore

    Budget padding: Attempt to implicate me unfortunate – Omisore

    Ex-deputy governor of Osun State, Senator Iyiola Omisore has faulted Abdulmumin Jibrin for describing him as godfather to Speaker of the House of Representatives, Mr Yakubu Dogara, saying Jibrin’s attempt to implicate him in the budget padding scandal is unfortunate.

    Jibrin, former chairman, Appropriations Committee of the House of Representatives, had alleged that Omisore is the godfather of Dogara. Omisore, who spoke through his Media Adviser, Prince Diran Odeyemi, said “He (Omisore) is not a member of the House of Representatives […]

  • 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 […]

  • I’m happy Buhari re-opened Bola Ige’s murder case – Omisore

    I’m happy Buhari re-opened Bola Ige’s murder case – Omisore

    Former Osun State deputy governor, Senator Christopher Iyiola Omisore, on Tuesday said he was happy with the decision of the Federal Government to re-open the case files of the gruesome murder of the former Minister of Justice and Attoney-General of the Fedration, Chief Bola Ige and the late National Deputy Chairman of the Peoples Democratic Party, Chief Aminosari Dokubo.

    He described the revisit of the cases as good and welcome.

    In a statement by his Media Director, Diran Odeyemi, he, however, urged […]

  • N60bn budget padding: Omisore under pressure to name lawmakers who shared funds

    N60bn budget padding: Omisore under pressure to name lawmakers who shared funds

    Detained Senator Iyiola Omisore is under pressure to name the beneficiaries of the N60 billion “budget padding” in the Sixth Assembly.

    He has refused to name the Senators and House members, an Economic and Financial Crimes Commission (EFCC) source said yesterday.

    The former Osun State deputy governor, who is on “bed rest” at the EFCC clinic in Abuja, is said to be in a stable condition.

    “He is in a stable condition, chatting and comparing notes freely with our investigating officers from the […]

  • N1.3bn Fraud: Release Omisore Now, PDP Chieftain Urges EFCC

    N1.3bn Fraud: Release Omisore Now, PDP Chieftain Urges EFCC

    Hon Afolami Idowu, People’s Democratic Party (PDP) stalwart in Osun State, has called for the unconditional release of Senator Iyiola Omisore by the Economic and Financial Crimes Commission (EFCC).

    EFCC operatives arrested Omisore, former Osun State deputy governor, in Abuja at the weekend and he has since been in custody undergoing interrogation for his role in the alleged election funding fraud.

    Sources at the anti-graft agency said that Omisore allegedly received over N1.3 billion from funds taken away from the office of […]

  • Omisore blasts EFCC over ‘stringent’ bail conditions

    Omisore blasts EFCC over ‘stringent’ bail conditions

    Former Osun State Deputy Governor, Iyiola Omisore, has described the Economic and Financial Crimes Commission’s (EFCC) bail condition as stringent.

    Omisore in a statement by his media aide, Diran Odeyemi, explained that the EFCC “after several hours of interrogation, asked him to produce two serving directors as sureties in any of the Federal ministries or agencies with landed property in millionaires’ quarters of Maitama or Asokoro area of Abuja.

    According to him, the sureties must submit the original Certificate of Occupancy of […]