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.
FTN 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.
