Former Osun State Deputy Governor, Iyiola Omisore, was released on Friday, July 22, 2016, from the custody of Economic and Financial Crimes Commission (EFCC) on administrative bail after reportedly reaching an agreement with the anti graft body to refund the over N1.3 billion he allegedly received from former National Security Adviser, Col. Sambo Dasuki (retd.).
The agreement will see the 2014 Osun state gubernatorial candidate refund the over N1.3 billion in instalments.
Omisore, who was arrested on July 3, 2016, proved his commitment to the deal by paying N300million before leaving the EFCC custody.
He also provided two sureties, who are members of the House of Assembly before he got the bail.
Another reason for the bail, as reported by the Nation, is because of the failing health of Omisore. The source went on to say that while in EFCC custody, Omisore was hospitalised where he underwent surgery.
Omisore who initially denied the allegations and even sued the EFCC, seeking N10 billion damages was reported to have admitted to receiving the alleged N1.310 billion from the former NSA, while in detention. He is expected to return to the EFCC office today to resume negotiations on modalities for returning the remaining funds.
The N1.310 billion was allegedly traced to three firms belonging to Omisore : Fimex Gilt Limited (N160m) -August 8, 2014 in UBA; Metropolitan Consortium (N350m) -July 9, 2014 in First Bank; Sawanara (N300m) – August 1, 2014 in First Bank and Metropolitan Consortium (N350m) -August 1, 2014 in First Bank.
– Olalekan Olonilua for encomium.ng