After 19 days in the custody of the Economic and Financial Crimes Commission (EFCC), Senator Iyiola Omisore on Friday regained freedom.
The former deputy governor of Osun state was arrested on July 3, 2016 after EFCC claimed it traced N1.310 billions to the accounts of five companies he owns.
According to the commission the money is part of the N4.7 billion allegedly disbursed by a former Minister of State for Defence, Senator Musiliu Obanikoro and his two sons, Gbolahan and Babajide.
The money which is part of the arms deal money distributed by the office of the former National Security Adviser (NSA), Sambo Dasuki in 2014 is said to have been transferred to the Diamond Bank account of Sylvan McNamara, a company which Obanikoro’s sons are signatories to its bank account.
Omisore, EFCC said 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.
However, Omisore had denied receiving any money from the NSA and had sued the EFCC for N10 billion and prayed a Federal High Court in Abuja to grant him an order of perpetual injunction restraining EFCC either by themselves, their agents, officers, servants, privies or otherwise however called from making such or similar defamatory publication of and concerning him to any person or persons.
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