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Revealed! How Obanikoro Gave 1.7bn To Omisore 

Senator Iyiola Omisore on the campaign train Former Minister of State for Defence, Senator Musiliu Obanikoro, yesterday, told the Economic and Financial Crimes Commission, EFCC, that he gave former Osun State Deputy Governor, Senator Iyiola Omisore, N1.7 billion out of the N4.7 billion he got from ex-National Security Adviser, Sambo Dasuki.

According to Vanguard, Obanikoro had earlier confessed to the EFCC that he handed over $5.377m to Fayose. A source told Vanguard that “The former minister, Obanikoro, has been cooperating with our operatives by giving detailed information regarding the N4.7 billion traced to him and companies linked to his sons." 

Obanikoro has confirmed that he actually transferred the sum of N1.7 billion from the NSA’s Office to Senator Iyiola Omisore but did not say why he did so and what the money was meant for. “Obanikoro said out of N4.685 billon transferred to Sylva McNamara Limited, the sum of N3.880 billion was transferred to both Ayodele Fayose and Senator Omisore through cash and bank transfers.

“The dollar contents were handed over to Fayose personally by me in the presence of some party leaders and he collected it and took it to the room next to where we were all seated.” The source further quoted the former Ambassador to Ghana as saying, “The location where I gave the dollars to him is called Spotless Hotel, Ado-Ekiti.”

“One of the party leaders that was present was Dr. Tope Aluko, who was then the Secretary of our party, the Peoples Democratic Party, PDP. I transferred N1.7 billion to Omisore. The money was paid into his account and companies nominated by him.” The source was said to have added that:

“The former minister confessed that he never had any business dealings with Omisore and did not execute any contract for him to warrant the transfer of the huge sum of money from the ONSA to companies nominated by him. “Omisore himself is under investigation. Obanikoro was very clear in the way the transaction was carried out. He did not mince words at all. 

EFCC had in July this year arrested and detained Omisore over the money in question. Omisore was later granted bail under stringent conditions.

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