N2.5bn fraud: Amosun’s ex-aide threatens to sue Assembly

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N2.5bn fraud: Amosun’s ex-aide threatens to sue Assembly

Ex-Managing Director, OPIC, Mr. Babajide Odusolu

A former Managing Director, Ogun Property and Investment Corporation, Babajide Odusolu, has threatened to sue the Ogun State House of Assembly over the allegation that N2.5bn could not be unaccounted for during his tenure.

Odusolu, a former Special Adviser on Property and Investment to former  Ogun State governor, Ibikunle Amosun, said he had hired  a lawyer, Ebun – Olu Adegboruwa, SAN, to challenge what he described as damage to his personality and reputation.

The House Committee on Public Accounts and Anti- Corruption had probed the financial reports of the corporation between 2015 and 2019 under the watch of Odusolu.

Odusolu had appeared, in November 2020, before the committee to defend the allegations against him bothering on unapproved spending of the OPIC funds.

The Assembly, after received the  report of the committee on Friday, passed resolutions, calling on the anti-graft agencies  to recover into N2,579,771,717.71, allegedly unaccounted for under  Odusolu’s watch.

The Assembly also directed the former Managing Director to pay back N40m that was allegedly unaccounted for in year 2019 into the state government’s purse within six months.

However, Odusolu, while addressing newsmen on Tuesday, said he had hired a Adegboruwa, to challenge the resolution of the Assembly, which he described as political vendetta.

Odusolu,  flanked by a team of lawyers, led by Adetunji Adeniyi from Ebun – Olu  Adegboruwa and Co, said that he had cleared himself of all the alleged financial infractions under his watch at OPIC.




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