The embattled former Speaker of the Lagos State House of Assembly, Mudashiru Obasa, is set to face intense scrutiny from the Economic and Financial Crimes Commission (EFCC) following his impeachment on Monday over allegations of misappropriating ₦43.5 billion in state funds.
Sources within the anti-graft agency revealed to Peoples Gazette that Obasa, who was impeached after a damning report by the platform exposed his lavish spending on luxury back-up vehicles, is expected to be arrested upon his return to Nigeria from the United States.
An EFCC insider, speaking on condition of anonymity, said, “The evidence against him is overwhelming. This time, he won’t be able to wriggle out. The case has been meticulously compiled, and we are ready to take action.”
Obasa, who had previously faced an EFCC probe in 2020 for allegedly spending ₦1.1 billion within a week, was cleared without charges. However, this time, officials believe his chances of escaping prosecution are slim.
“Heavy hammer is waiting to fall on him,” the source added, emphasizing the agency’s resolve to ensure accountability.
The once-powerful speaker appears to have lost the backing of influential allies, including President Bola Tinubu.
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