Mudashiru Obasa, speaker of the Lagos state house of assembly, was released on Friday by Economic and Financial Crimes Commission (EFCC) on compassionate ground.
EkoHotBlog had reported how officials of the anti-graft agency questioned the number three man in Lagos on Thursday but was released afterward.
Obasa is being probed over alleged malfeasance and embezzlement of public fund.
A reliable source at the commission who is familiar with the situation said Obasa returned to the commission’s Lagos office on Friday and he was granted bail after complaint of being indisposed.
The source said he was taken to the clinic within the commission’s premises before he was released.
He disclosed that Obasa buckled under the weight of intense interrogations and sheer irrefutable evidence of his sharp practices.
“Obasa recalled back to EFCC yesterday. But he said he was sick, so they took him to the EFCC clinic and later released him on bail but he was asked to come back on Monday,” the source said.
“He cracked and became overwhelmed under serious questioning and confronted with overwhelming evidence.”
An unidentified lady, who was said to have acted as personal assistant to the speaker, was also questioned by EFCC officials.
The EFCC had secured an order for from federal high court for temporary forfeiture of funds linked to the speaker.
The EFCC in a motion dated August 12, 2020, and marked FHC/L/CS/1069/2020, had asked the court to issue an order for the funds in three bank accounts to be forfeited in the interim.
According to the anti-graft commission, the three bank accounts are “being investigated for the offences of conspiracy, diversion of funds, abuse of office and money laundering”.
All three accounts which carried the name of the defendant are domiciled in Standard Chartered Bank.
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