Home News Fayose, Obanikoro, Omisore lose N2.273b assets

Fayose, Obanikoro, Omisore lose N2.273b assets


Properties and cash worth N2.273 billion have reportedly been recovered from Governor Ayodele Fayose, ex-Deputy Governor Iyiola Omisore and a former Minister of State for Defence, Senator Musiliu Obanikoro by EFCC.

Fayose, Obanikoro, Omisore lose N2.273b assets lailasnews

The recovered assets are part of the N4.685 billion allocated to them by the Office of National Security Adviser (ONSA) and according to a source, the cut 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 Governor Fayose, is expected to begin after the completion of his tenure and immediately he hands over to the next governor of the state, while that 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 Nation further gathered that 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. Obanikoro, who was allegedly the courier of the fund to Fayose and Omisore, is still being investigated by detectives following more cases he was allegedly linked with.

This revelation is coming few hours after a Court of Appeal in Ado-Ekiti, Ekiti State, gave the Economic and Financial Crimes Commission, EFCC, the go-ahead to freeze the bank account of Ayo Fayose, governor of the state.

Justice J.S. Ikeyegha, who read the ruling of the three-man panel, directed the freezing of Mr Fayose’s Zenith Bank account.

It will be recalled that Justice Taiwo Taiwo of a Federal High Court, Ado-Ekiti ,had in December 2016 ordered the EFCC to defreeze the bank accounts frozen as a result of investigations into the money in the account, which were believed to be proceeds of illegal activities. The EFCC, dissatisfied with the ruling had approached the appellate court to set aside the ruling of the lower court.

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