The Economic and Financial Crimes Commission has revealed why, a former Deputy Governor of Osun State, Iyiola Omisore is still in its custody.

In a counter-affidavit it filed before a High Court of the Federal Capital Territory opposing Omisore’s bail application, the anti-graft agency said his innocence has not be proven.

EFCC stated that the former senator allegedly received hundreds of millions of Naira from the former National Security Adviser, Col. Sambo Dasuki (rtd.) and was still being investigated.

The EFCC had on July 3 arrested Omisore in relation to about N1.3bn from the Office of the NSA’s fund traced to him.

An EFCC’s investigator, Kassim Yusuf, stated that Omisore had no justification for receiving the money.

Yusuf stated, “Investigation so far carried out, reveals that the applicant received hundreds of millions of naira from the office of the National Security Adviser, with nothing to show for it.

“In the course of interviewing the applicant, he has mentioned names of persons and companies through which monies from the office of the National Security Adviser got to him.

“There is a need for those persons and companies mentioned by the applicant to make some clarification.

“If the applicant is granted bail, he will interfere with witnesses and he will also prejudice and frustrate our ongoing investigation.”

According to Yusuf, Omisore received the funds through one Firmex Gilt Ltd.’s bank account domiciled in United Bank for Africa.

The suspect was said to be the sole signatory to the account and was also said to have received several payments through the account of Sylvan Menamara Ltd. with Diamond Bank Plc.

“In one of the alleged cases which the 1st respondent (EFCC)  is investigating, the name of the applicant (Omisore) featured prominently as a sole signatory to Firmex Gilt Limited’s bank account domiciled in United Bank for Africa Plc.

“A copy of a letter to UBA, forwarding signatory mandate card and statement of account of Firmex Gilt Ltd.is hereby attached.

“Several payments were also made by the office of the immediate past National Security Adviser, Col. Sambo Dasuki (retd.) into the bank account of Sylvan Menamara Ltd. domiciled in Diamond Bank, with nothing to show for it.

“Copies of e-payment schedules from ONSA and statement of accounts of Sylvan Menamara Ltd. are hereby attached.

“From Sylvan Menamara Ltd.’s Diamond Bank account, the sum of N160m was deposited into the said account on 4th August, 2014 by the then NSA.

“This sum was subsequently transferred into the Firmex Gilt Ltd.’s bank account domiciled in UBA Plc on 8th August, 2014.”

Yusuf stated that according to court orders, Omisore’s detention was lawful.

Omisore’s bail application will, however, be ruled upon on Friday.