Arms Fraud: Omisore Refunds N100m …Promises To Retund N1.210bn

The former Deputy Governor of Osun State, Senator Iyiola Omisore, has refunded the sum of N100million, being part of N1.310billion arms procurement fund traced to one of his accounts to the Economic and Financial Crimes Commission (EFCC).
The refund of the money shows a sense of fidelity by the former senator and the 2014 governorship candidate of the Peoples Democratic Party (PDP), in Osun State, to the plea bargain in the money laundering case he has with the Economic and Financial Crimes Commission.
The politician-businessman, who lost the 2014 election to Rauf Aregbesola, had agreed to refund the N1.310 billion given him by former National Security Adviser, Colonel Sambo Dasuki (rtd), from the huge fund meant for the purchase of arms and the security of the nation.
The Tide gathered that the refund was part of the deal to procure a bail for Omisore, who was arrested July 10, 2016, out of EFCC cell.
It was learnt that the N100million is the balance met in one of the accounts linked with the stolen arms fund.
It would be recalled that Omisore was released last week to two members of the National Assembly who stood as sureties for him.
“The EFCC granted Omisore bail on compassionate ground to attend to his health. He was actually in the hospital where he underwent surgery”, an EFCC official told newsmen.
Omisore was arrested over N4.745 billion allegedly allocated to him and others by the Office of the National Security Adviser (ONSA).
Of this amount, about N1.310billion was traced to Omisore’s accounts and those of three companies.
His accomplices in the transfers include Ekiti State Governor, Peter Ayodele Fayose and ex-Minister of State for Defence, Mr. Musiliu Obanikoro, who is now on self-exile in the United States.
According to a report by the EFCC, N160million was remitted on August 8, 2014 to Fimex Gilt Limited’s UBA account; N350million to Metropolitan Consortium’s First Bank account on July 9, 2014; N300million to Sawanara’s First Bank account on August 1, 2014; and another N350million to Metropolitan Consortium’s First Bank account on August 1, 2014.
An EFCC source, who spoke on condition of anonymity, said: “Preliminary findings have shown that N1.310billion out of the N4.745billion from ONSA was remitted to the three firms and the accounts of these three companies belong to Omisore.”