Obasa was released after honouring an invitation by the EFCC on Thursday morning where he was grilled for hours
Information from reliable source said that top politicians in Lagos and at the federal levels pressured the EFCC to release him late on Thursday night.
Following his release, Obasa summoned an emergency plenary sitting of all members of the state Assembly.
He ordered the Deputy Majority Leader to summon an emergency meeting for Friday (today) just to prove that he wasn’t detained overnight.
Messages were sent to members of the Assembly of the emergency meeting at about 11:30pm on Thursday.
The Assembly had initially adjourned sitting until next week Monday after its session on Wednesday over fears that Obasa might be detained beyond Thursday.
Insider sources said that the case of embezzlement against the Lagos Assembly Speaker will take “very interesting shape” in the coming days especially after confessions of financial misappropriation by some members of the parliament.