At the Tuesday plenary session, 18 out of the 26 State Assembly members voted to impeach Oluomo, citing allegations of fund embezzlement, highhandedness, and related offenses. Following the impeachment, Oludaisi Elemide was promptly elected as the new Speaker.

In his inaugural address following the impeachment, the newly appointed speaker urged members to remain calm. He clarified that the impeachment wasn’t aimed at Governor Dapo Abiodun, dispelling speculations. Emphasizing that the action aligns with members’ constitutional rights, he highlighted the legitimacy of electing leaders in the House.

The House recessed for a fortnight, and during this time, the new speaker held the symbolic maze, representing the House’s authority.

On September 6, 2022, the Economic and Financial Crimes Commission (EFCC) brought charges of alleged N2.475bn money laundering against Oluomo before a Federal High Court in Lagos. Oluomo, along with three others—Oladapo Samuel, Adeyemo Taiwo, and Adeyanju Nimota Amoke (currently evading arrest)—faced 11 counts of conspiracy, forgery, stealing, and money laundering filed by the EFCC.

The EFCC’s prosecution counsel, Rotimi Oyedepo (SAN) had told the court that the defendants committed the alleged offences between 2019 and 2022.

Oyedepo informed the court that a total of N2.475bn was taken from the Ogun State House of Assembly’s treasury. Despite the ongoing trial, Oluomo was granted bail.