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.

He wondered why the assembly would pass a resolution, indicting him of “weighty financial allegations” without any evidence.

Odusolu said, “The Assembly has arrogated to itself the role of judge and jury and passed judgment without having adequate knowledge and information.

“I don’t think this is something that I should allow to go because not only will it destroy all the good works that have been done to build Ogun State, it will scare other professionals from ever volunteering to serve.”

The lawyer, Adeniyi, added, “We sincerely believe that our client’s constitutional rights to fair hearing have been grossly breached.

“In this regard, we will be approaching the court to challenge the manner and procedure adopted by the State House of Assembly. And if the court, agrees with us, we will be asking for colossal damages.”

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