The Economic and Financial Crimes Commission, yesterday morning, arrested Senator Iyiola Omisore, a former deputy governor of Osun State, at his residence located at 1 Kainji Crescent Off Lake Chad Street, Maitama, Abuja.
About N1 million and $21,000 in cash was recovered from his home after a thorough search in his apartment same yesterday.
Senator Omisore is accused of receiving about N1.31 billion from the former Minister of State for Defence, Musiliu Obanikoro during preparations for the Osun State governorship election in 2014.
According to the EFCC, the money is part of the N4.7 billion that was siphoned from the Office of the National Security Adviser under the leadership of the embattled Col. Sambo Dasuki (rtd.).
The EFCC said that Omisore received the money in four (4) tranches from Sylvan McNamara, a company belonging to the two (2) sons of Musiliu Obanikoro ( Babajide and Gbolahan).
According to the EFCC, as seen on Punch, “(1). On July 9, 2014, N150m was paid into the bank account of Sawanara at First Bank. (2). On August 1, 2014, N300m was paid into Sawanara Limited.
“(3). On August 8, 2014, about N160m was paid into the bank account of Fimex Gilt Limited domiciled at UBA. (4). On the day of the election, August 9, 2014, N350m was paid into the First Bank account of Metropolitan Consortium.”
However, Omisore had previously denied the allegation and sued the EFCC for defamation.