A former Deputy Governor of Osun State, Senator Iyiola Omisore, has returned another sum of N50million of public funds traced to him.
The return of the N50million brings to N350million, the total sum the former governor and senator allegedly benefited from the arms deal scam.
The Economic and Financial Crimes Commission ( EFCC) had traced the N1.7billion public funds to him. He 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 by the Office of National Security Adviser (ONSA) to Sylva McNamara Limited, a company linked to a former Minister of State for Defence, Mr. Musiliu Obanikoro.
Of the sum, about N3.880billion was allegedly given to Governor Ayodele Fayose and Senator Omisore through cash and bank transfers by Obanikoro.
Omisore’s share was said to be about N1.7billion.
The former Deputy Governor gave the list of companies which benefited from the N1.7billion that was released by the NSA to him.
According to a report by the EFCC, some of the funds were remitted as follows: Fimex Gilt Limited (N160m)-8/8/2014in UBA; Metropolitan Consortium (N350m)—9/7/14 in First Bank; Sawanara (N300m)—1/8/14 in First Bank and Metropolitan Consortium (N350m)-1/8/14 in First Bank.
