Sahara Reporters have it that incarceration of the Chairman of the Peoples Democratic Party Oyo State Chapter, Yinka Taiwo has been extended by 30 days following a court injunction sought by the Economic and Financial Crimes Commission last week from the Lagos State Magistrate Court, Ikeja District, to facilitate investigative processes.
The EFCC has been assiduously tracing the beneficiaries of the slush funds shared for personal political interests in the South-western state for the purpose of securing the support of voters during the last general elections.
A source in the commission said, "acting on intelligence reports received in 2015, the PDP Chairman Yinka Taiwo together with one Senator Ayo Ademola Adeseun and Oloye Jumoke Akinjide, a former Minister of State Federal Capital Territory in Goodluck Jonathan's government, fraudulently received the sum of N650,000,000:00 (six hundred and fifty million Naira) which they converted to their personal use and the use of others".
The money according to our source was routed through a new generation commercial bank and disbursed to some politicians for the purpose of 'facilitating' the Presidential elections.
A source in the commission said, "acting on intelligence reports received in 2015, the PDP Chairman Yinka Taiwo together with one Senator Ayo Ademola Adeseun and Oloye Jumoke Akinjide, a former Minister of State Federal Capital Territory in Goodluck Jonathan's government, fraudulently received the sum of N650,000,000:00 (six hundred and fifty million Naira) which they converted to their personal use and the use of others".
The money according to our source was routed through a new generation commercial bank and disbursed to some politicians for the purpose of 'facilitating' the Presidential elections.
However, the third suspect Oloye Jumoke Akinjide is said to be at large, while EFCC is going on with its investigations.