This is in relation to the allegations of corruption that were levelled against him by an online medium.
Obasa told the panel that the allegations were untrue and that it was the handiwork of his enemies. He appeared before the nine-man Fact Finding Panel of the House headed by Mr Victor Akande (Ojo Constituency I) at the House chamber.
On May 23, an online medium had reported that at least 64 bank accounts have been discovered and linked to the Bank Verification Number of Obasa.
The online medium, said that its discovered that the accounts registered with various names, are being used to siphon public funds and many other allegations against the Speaker.
Responding to questions from members of the Committee, Obasa said that all the allegations made by the online medium in the reports were unfounded.
The Speaker explained that the vehicles bought for the members of the House and other expenses made by the House were done with the approval of the House and that of the Fund Management Committee (FMU) of the House headed by him.
“We bought land cruisers for Principal Officers of the House. The cars we bought for them are always higher than those of other members and we followed the due process in the purchase.
We went through the Public Procurement Agency (PPA) and others and the vehicles were distributed appropriately."