The recently impeached former Speaker of the Lagos State House of Assembly, Mudashiru Obasa, is poised to face a rigorous investigation by the Economic and Financial Crimes Commission (EFCC) over allegations of misappropriating ₦43.5 billion in public funds....Read Full Article >>➤
Obasa’s impeachment on Monday followed revelations about extravagant spending on luxury vehicles, as reported by Peoples Gazette. Sources within the EFCC disclosed that Obasa, currently in the United States, is expected to be apprehended upon his return to Nigeria.
An EFCC official, speaking anonymously, stated, “The evidence against him is extensive and solid. This time, there’s little room for him to evade justice. The case has been thoroughly prepared, and we are ready to proceed.”
Obasa had previously been investigated by the EFCC in 2020 over claims of spending ₦1.1 billion in just one week but was eventually cleared of any charges. However, agency insiders believe this new case leaves him with minimal prospects of avoiding prosecution.
“This time, he faces the full weight of the law,” the source affirmed, underlining the agency’s determination to hold him accountable.
The former speaker’s fall from grace is further compounded by the loss of support from key allies, including President Bola Tinubu, signaling a significant shift in his political fortunes.
Spazr also learnt that sources close to the Chief of Staff, Femi Gbajabiamila, disclosed that Obasa’s calls have gone unanswered, signaling deliberate isolation from the Presidency.
“His political connections have dried up. He’s on his own now,” said a source familiar with the situation.
With his impeachment and pending EFCC investigation, Obasa’s political future hangs in the balance. Questions remain about whether he will return to Nigeria to assume a lesser role as a floor member in the House of Assembly or continue to evade scrutiny.
The EFCC has assured that there will be no disruptions in its plans to apprehend Obasa upon his arrival.
“We have no political interference at all. He will clarify things to our detectives,” an EFCC source stated confidently. ...Read Full Article >>➤
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