From all indications, it seems Senator Iyiola Omisore, the former Deputy Governor of Osun State may have settled for plea bargain in the money laundering case he has with the Economic and Financial Crimes Commission.
The politician-businessman has agreed to refund the N1.310 billion given him by Colonel Sambo Dasuki, from the huge fund meant for the purchase of arms in the fight against Boko Haram terrorists.
It was part of the deal to procure a bail out of EFCC cell. He was arrested 10 July. On Friday, the EFCC granted him administrative bail after he struck a deal with the commission to refund the N1.3 billion in installments.
He paid the first installment of N300 million before he was allowed to go home. ARM learnt that before his release on Friday, Mr. Omisore issued a letter authorizing his bank to release N170 million 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.
Senator Omisore will return to the Commission on Monday for further negotiations regarding how he would stagger the refund of the remaining one billion, our sources said.
The Senator had denied benefiting from Dasuki arms purchase scandal and had sued the EFCC, seeking N10 billion damages, after he was declared wanted in May but while in detention, he admitted to collecting the sum from Mr. Dasuki.
He initially claimed that the over N1.3 billion he received from Mr. Dasuki was meant for a certain parcel of land he sold to the office of the NSA. The politician was however unable to provide documents backing the transaction.
