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Corruption Allegations : Mudashiru Obasa Returns To EFCC For Interrogation, Feigns Sickness
Speaker of the Lagos State House of Assembly, Mudashiru Obasa, returned to the Lagos office of the Economic and Financial Crimes Commission in continuation of the interrogation on corruption allegations against him.
Obasa is being interrogated by the anti-graft agency for embezzling funds running into millions of naira belonging to the state Assembly.
The Speaker’s grilling started on Thursday when he honoured an invitation from the EFCC.
He was released on bail late Thursday night after which he convened an emergency sitting of the Lagos Assembly to disguise status of his bail.
Obasa quietly returned to the EFCC’s office after the emergency sitting of the Assembly on Friday.
To avoid answering questions surrounding his corrupt act, Obasa feigned sickness during interrogation at the EFCC’s office, a source confirmed.
“Obasa became weak when confronted with a deluge of his illicit properties and money laundering evidence by the team led by an officer from the South-Eastern part of the country, contrary to his earlier claims of no association with the properties.
“He became weak after hours of grilling by the vigilant and dogged staff of the EFCC.
“To escape sleeping at the EFCC office overnight and the effect of the weight of evidence on his shoulder, Obasa claimed to be innocent.
“He was then taken to the sickbay of the EFCC on the directive of the Zonal Head, for immediate treatment and was subsequently released on bail,” the source said.
Obasa bought some of those properties; estate in Ikorodu, besides Lagos State polytechnic campus and an expanse of land in Ifako-Ijaye among many others in the name of his business fronts.
These fronts earlier invited by the commission had made confessional statements implicating and exposing Obasa’s ownership of the properties.
Also we gathered that some forces at the Chief of Staff Office of Buhari stampeded the EFCC to grant Obasa administrative bail on Thursday.
Obasa will be returning to the office of the anti-graft agency for the continuation of the interrogation on Monday.
Remember sometime ago we gather from reliable source that EFCC obtained a court order granting the temporary forfeiture of three bank accounts belonging to Obasa.
The bank accounts are to be frozen pending an investigation by the EFCC.
The three bank accounts frozen are domiciled in Standard Chartered Bank under the name Mudashiru Ajayi Obasa.
In obtaining the ex-parte order, the EFCC said that the bank accounts were being investigated for conspiracy, diversion of funds, abuse of office and money laundering.
Remember there are series of publications detailed the sleaze involving Obasa, members of his family and cronies whom he awarded questionable contracts on behalf of the state Assembly and, who in turn served as agents of his numerous corrupt dealings.
Obasa operated over 60 bank accounts and engaged in the award of contracts to his personal companies and those of his cronies through which he defrauded the state Assembly to the tune of several millions of naira.
Recall that civil society organisations in Lagos have on several occasions demanded the investigation of Obasa by anti-graft agencies.
In June, a coalition of civil society organizations staged protests at the EFCC office in Ikoyi; demanding investigations into allegations of corruption at the Lagos State House of Assembly.
Operatives of the Economic and Financial Crimes Commission have arrested the Director-General of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, over alleged money laundering offences.
A source within the anti-graft agency, who spoke on condition of anonymity because he was not authorised to comment officially on the matter, disclosed on Wednesday that Abdullahi was arrested in Abuja and is currently being held in the custody of the commission.
According to the source, the investigation involves alleged fraud amounting to about N500 billion.
“We have arrested the Director-General of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, over alleged money laundering offences. He was arrested in Abuja and is currently in our custody. The amount involved is estimated at N500 billion,” the source said.
The commission is yet to issue an official statement regarding the arrest as investigations continue.
Senator Cyril Fasuyi, representing Ekiti North Senatorial District, has been dragged before the Economic and Financial Crimes Commission (EFCC) over an alleged fraud involving the sum of $2,980,535.00.
The petition, submitted by Mr. Nuel Wilson, West Africa Regional Representative of Integrated Packaging Systems FZCO (IPS Ingredis) and its Nigerian subsidiary, IPS Ingredis Integrated Systems Limited, accused Senator Fasuyi and his wife, Mrs. Elizabeth Adun Fasuyi, of conspiracy, fraudulent conversion, obtaining by false pretence, stealing, and diversion of foreign investment funds.
According to the petition, which was acknowledged by the EFCC on December 10, 2020, the Dubai-based company alleged that the senator and his wife, operating under the name Legacy Foods Limited, failed to remit payment for products supplied to them after several business transactions.
The petition stated that IPS Ingredis, a company registered in Dubai, United Arab Emirates, conducts the business of sales, supply, and distribution of raw materials across different countries, including Nigeria, through its local subsidiary based in Lagos State.
The complainant explained that the business relationship between both parties began in November 2015 after the suspects were introduced to the company by one of its Chinese customers. Following several meetings, the Fasuyis allegedly represented themselves as credible business partners interested in the company’s line of products.
Based on the agreement, the company reportedly supplied various raw materials, including corn starch, maltodextrin, shortening, maltose syrup, and other products to Legacy Foods Limited through multiple purchase orders.
The petition further alleged that goods worth over $9 million were supplied to the suspects during the course of the business relationship. However, the company claimed that after selling the products, the suspects allegedly refused to pay the outstanding sum of $2,980,535.00.
“Our clients supplied goods worth over $9,000,000.00 to the suspects. The suspects, after selling all the goods, refused to pay the sum of Two Million, Nine Hundred and Eighty Thousand, Five Hundred and Thirty Five United States Dollars worth of products already supplied,” part of the petition read.
The foreign investors also accused the suspects of allegedly diverting proceeds from the sales for personal use and benefits, despite repeated demands for payment.
According to the petition, investigations allegedly revealed that the products supplied had been sold and disposed of, while proceeds were allegedly converted for personal gains.
The complainant described the development as “a calculated attempt to dispossess foreign investors of their investment in Nigeria through fraudulent means.”
The petition also emphasized the need for Nigerian authorities to protect foreign investments and uphold the spirit of bilateral investment agreements between Nigeria and the United Arab Emirates.
Meanwhile, the petition named Mrs. Elizabeth Adun Fasuyi as a co-suspect in the matter. She was reportedly present in court alongside her husband at a point during proceedings but allegedly avoided arrest by operatives of the anti-graft agency.
Senator Cyril Fasuyi, representing Ekiti North Senatorial District, has been dragged before the Economic and Financial Crimes Commission (EFCC) over an alleged fraud involving the sum of $2,980,535.00.
The petition, submitted by Mr. Nuel Wilson, West Africa Regional Representative of Integrated Packaging Systems FZCO (IPS Ingredis) and its Nigerian subsidiary, IPS Ingredis Integrated Systems Limited, accused Senator Fasuyi and his wife, Mrs. Elizabeth Adun Fasuyi, of conspiracy, fraudulent conversion, obtaining by false pretence, stealing, and diversion of foreign investment funds.
According to the petition, which was acknowledged by the EFCC on December 10, 2020, the Dubai-based company alleged that the senator and his wife, operating under the name Legacy Foods Limited, failed to remit payment for products supplied to them after several business transactions.
The petition stated that IPS Ingredis, a company registered in Dubai, United Arab Emirates, conducts the business of sales, supply, and distribution of raw materials across different countries, including Nigeria, through its local subsidiary based in Lagos State.
The complainant explained that the business relationship between both parties began in November 2015 after the suspects were introduced to the company by one of its Chinese customers. Following several meetings, the Fasuyis allegedly represented themselves as credible business partners interested in the company’s line of products.
Based on the agreement, the company reportedly supplied various raw materials, including corn starch, maltodextrin, shortening, maltose syrup, and other products to Legacy Foods Limited through multiple purchase orders.
The petition further alleged that goods worth over $9 million were supplied to the suspects during the course of the business relationship. However, the company claimed that after selling the products, the suspects allegedly refused to pay the outstanding sum of $2,980,535.00.
“Our clients supplied goods worth over $9,000,000.00 to the suspects. The suspects, after selling all the goods, refused to pay the sum of Two Million, Nine Hundred and Eighty Thousand, Five Hundred and Thirty Five United States Dollars worth of products already supplied,” part of the petition read.
The foreign investors also accused the suspects of allegedly diverting proceeds from the sales for personal use and benefits, despite repeated demands for payment.
According to the petition, investigations allegedly revealed that the products supplied had been sold and disposed of, while proceeds were allegedly converted for personal gains.
The complainant described the development as “a calculated attempt to dispossess foreign investors of their investment in Nigeria through fraudulent means.”
The petition also emphasized the need for Nigerian authorities to protect foreign investments and uphold the spirit of bilateral investment agreements between Nigeria and the United Arab Emirates.
Meanwhile, the petition named Mrs. Elizabeth Adun Fasuyi as a co-suspect in the matter. She was reportedly present in court alongside her husband at a point during proceedings but allegedly avoided arrest by operatives of the anti-graft agency.
Engr. Marcus Adedini, Aspirant for Ife Federal Constituency, heartily congratulate the distinguished Ife-born retired military officer, Major General Adeyinka FAMADEWA (Rtd), on his well-deserved appointment as Special Adviser on Homeland Security by President Bola Ahmed Tinubu.
This prestigious appointment is a clear recognition of your years of meritorious service, professionalism, discipline, and unwavering commitment to national development and security.
Your appointment has brought immense pride, honour, and joy to the people of Ife Kingdom, as it further reflects the excellence and capacity of our sons and daughters who continue to contribute meaningfully to nation-building. Your outstanding record of leadership and dedication to service remains a great source of inspiration to many across the country.
As you assume this important national assignment, I am confident that your wealth of experience and strategic leadership will contribute significantly to strengthening peace, stability, and homeland security in Nigeria.
I pray that God grants you wisdom, strength, and greater success in this new office. Congratulations once again, Sir.
Signed:
Engr. Marcus Adedini
Aspirant, Ife Federal Constituency
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