Omisore To Refund N1.3bn, Pays N300m, Released on Bail

By Ibrahim Alli

Reprieve has come the way of a former deputy governor of Osun State, Senator Iyiola Omisore has he was released yesterday night by the Economic and Financial Crimes Commission (EFCC) from custody.

Sources said Omisore was released after he had entered a deal with the EFCC to refund the N1.3billion he allegedly received from the office of the National Security Adviser (NSA).

CityMirrorNews learnt that Omisore has paid the first installment of N300million before he was allowed to go home on Friday.

It was also gathered that Omisore also issued a letter authorising his bank to release N170million to the EFCC, being the entire amount in his frozen account.

He also gave the anti-graft commission a draft of N130 million, bringing the first installment of the repayment plan to N300 million.

The Osun State PDP flag-bearer in the 2014 governorship election will report back the EFCC on Monday for further negotiations regarding how he would stagger the refund of the remaining one billion, our sources said.

Omisore was arrested on July 3, 2016 in Abuja and he had since being in the custody of the EFCC until he was released on Friday, July 22, 2016 night.

The former senator was arrested for allegedly collecting the huge funds from a former NSA Sambo Dasuki.

According to sources, Omisore has approached the EFCC and agreed to refund the money he was alleged to have fraudulently received.

Based on the agreement, the EFCC released the Osun PDP chieftain on administrative bail.