The Economic and Financial Crimes Commission on Friday released a former Deputy Governor of Osun State, Senator Iyiola Omisore, after 19 days in detention.
It was learnt that Omisore was released on bail by the commission after meeting his bail conditions.
The former deputy governor, who was declared wanted by the EFCC in May, was arrested on July 3, 2016 after N1.310bn was traced to the accounts of five companies allegedly belonging to him.
The money was said to be part of the N4.7bn allegedly disbursed by a former Minister of State for Defence, Senator Musiliu Obanikoro and his two sons, Gbolahan and Babajide
The N4.7bn was said to have emanated from the account of the Office of the National Security Adviser in 2014 and then transferred to the Diamond Bank account of Sylvan McNamara, a company in which Obanikoro’s sons are the signatories to its bank account.
Omisore allegedly received the funds in four tranches from Sylvan McNamara between July and August 2014, a few weeks before the Osun State governorship election which he lost.
A document detailing the transaction showed that the money was paid into accounts of three companies allegedly belonging to Omisore.
A detective at the anti-graft agency explained, “On July 9, 2014, N150m was paid into the bank account of Sawanara at First Bank. On August 1, 2014, N300m was paid into Sawanara Limited.
“On August 8, 2014, about N160m was paid into the bank account of Fimex Gilt Limited domiciled at UBA. On the day of the election, August 9, 2014, N350m was paid into the First Bank account of Metropolitan Consortium.”
Omisore had, however, denied receiving any money from the ONSA.
The former deputy governor had also sued the EFCC for N10bn and prayed a Federal High Court in Abuja to grant him an order of perpetual injunction restraining the “defendants (EFCC) either by themselves, their agents, officers, servants, privies or otherwise however called from making such or similar defamatory publication of and concerning the plaintiff (Omisore) to any person or persons.”