By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The CapitalThe CapitalThe Capital
Notification Show More
Font ResizerAa
  • Home
  • News
    • Featured
      • Featured Profile
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Reading: Femi Otedola Testifies In Court, says Farouk Lawan Demanded $500,000 Bribe From Him
Share
Font ResizerAa
The CapitalThe Capital
  • Home
  • News
  • Business
  • Politics
  • International
  • Entertainment
  • Lifestyle
  • Opinion
  • Sports
Search
  • Home
  • News
    • Featured
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Have an existing account? Sign In
Follow US
BusinessHomepage

Femi Otedola Testifies In Court, says Farouk Lawan Demanded $500,000 Bribe From Him

November 21, 2018 2:45 pm
The Capital
Share
SHARE

Femi Otedola, founder of Zenon Petroleum and Gas Limited, says Farouk Lawan, a former lawmaker, demanded $500,000 bribe from him.

Lawan is a former chairman of a house of representatives committee probing the multi-billion naira fuel subsidy fraud.

He chaired the probe committee in the seventh assembly.

The former lawmaker is accused of receiving money from Otedola to remove Zenon from the list of oil companies allegedly involved in the fuel subsidy fraud.

He was charged by the office of the attorney-general of the federation (AGF) for allegedly receiving bribe.

During the hearing of the case at a federal capital territory (FCT) high court in Abuja on Wednesday, Adegboyega Awomolo, counsel to the federal government, played the tape showing Lawan receiving the said sum.

While giving his testimony, Otedola said Lawan removed Zenon from the list of indicted oil companies after he collected the money.

He said $2.5 million was the balance he was expected to pay the ex-lawmaker.

“I could not have put him under pressure because Zenon Oil was not involved in the theft of subsidy funds,” he told the court.

“If he did not demand (for money), why will he collect the $500,000 and was expecting $2.5 million. He did mention to me that the $3 million was going to be shared by himself and other officers of the house.

“I did not offer any $3 million. I was one of the biggest players in the business and I reported the matter when I found out about the scam.

“He did mention to me that several companies involved in the scam were paying and I reported to the DSS.”

See also  BREAKING: Herbert Wigwe’s Family Battles Aig-Imoukhuede

After Awomolo finished quizzing Otedola, L Azuka, a lawyer from the chambers of Mike Ozekhome, counsel to Lawan, asked the court for an adjournment.

Azuka told the court that Ozekhome, the lead counsel, was “unavoidably absent.”

“The witness has given lengthy evidence. We will need time to study the evidence that he presented today viz-a-viz the statement he gave to the police,” he said.

“We don’t have copies, we need to obtain copies and prepare for the cross-examination.”

The counsel added that he was sick and would not be able to cross-examine the witness.

The federal government’s lawyer protested, urging the court not to grant the request of Azuka.

“We will ask our lordship to utilise the day,” he said.

However, Angela Otaluka, the judge, granted the prayer of the defence counsel and adjourned the matter till January 28, 2019

You Might Also Like

Tax Evasion: Court Renews Okocha’s Arrest Warrant
Stamp of His Honour…The Gas King, Julius Rone Wins Oil and Gas Personality of The Year
Naira Strengthens At Black Market After Big Fall
BREAKING! FG Suspends Removal of Fuel Subsidy
Exposed! Bolu Akin-Olugbade’s Multimillion Dollar Homes Across The Seas
Share This Article
Facebook Email Print

BREAKING: Government Declares 5-Day Public Holiday

The Kano State government has announced five days public holiday for all…

[BREAKING] 2027 Election: Tinubu Rejects Top APC Governor’s Second Term Bid

Barring any unforeseen circumstances, Rivers State Governor, Siminalayi Fubara’s re-election bid on…

APC Primaries: List of Powerful Senators Who Lost Return Ticket Emerges

The ruling All Progressives Congress (APC) had its primary election for senatorial…

Femi Otedola First Bank Nigeria

The Otedola Effect: How a Boardroom Maverick Is Reshaping First Bank’s Future

● From Billionaire Mogul to Banking Reformer: He Is Rewriting First Bank’s…

BREAKING: EFCC Arrests Buhari’s Former Minister From His Hiding Place

The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister…

Follow US

Find US on Social Medias
FacebookLike
XFollow
TelegramFollow
WhatsAppFollow

You Might Also Like

HomepageLifestyle

The New Awujale? Abimbola Onabanjo’s Shocking Emergence As Kingmakers’ Favourite

April 13, 2026

Anti-graft war: Goje, Nyame, Nnamani, Ladoja, Borishade, 38 other high-profile cases held up, says EFCC

October 2, 2016

When You Have a Friend Like Femi Otedola…

September 4, 2024

World Bank to raise funding for Nigeria by $4.5bn

August 4, 2018

Categories

  • News
  • Homepage
  • Business
  • Politics
  • Top News
  • Highlife
  • Entertainment
  • Sports
  • Lifestyle
  • Inside Boardroom

About The Capital

We deliver premium coverage of business, politics, lifestyle, entertainment, and society stories shaping Nigeria and beyond. Through credible reporting, insightful features, and engaging digital storytelling, we keep readers informed on the people, trends, events, and conversations driving modern culture and public discourse.
Quick Links
  • About
  • Advertise
  • Contact

Connect with us on Social Media

Facebook X-twitter Whatsapp Envelope

Send us email: [email protected]

© thecapital.ng. All Rights Reserved. Designed by Semasir Connect.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?