Wednesday, 22 Oct 2025
Subscribe
TrackNews Logo
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
  • 🔥
  • News
  • Politics
  • National
  • Sports
  • Crime
  • Entertainment
  • Business
  • Breaking News
  • Gist
  • Health
Font ResizerAa
Track NewsTrack News
Search
Follow US
©2025 Track News Media. All Rights Reserved. | Website Designed By AfeesHost
Home » Blog » Femi Otedola Says Farouk Lawan Demanded $3m Bribe From Him But Got $500,000
News

Femi Otedola Says Farouk Lawan Demanded $3m Bribe From Him But Got $500,000

Last updated: November 22, 2018 11:52 am
Track News
Share
SHARE
Mr . Femi Otedola Billionaire businessman and Chairman of Zenon Petroleum and Gas Limited told the High Court of the Federal Capital Territory in Lugbe , Abuja on Wednesday that he did not mount pressure on a former member of the House of Representatives , Mr Farouk Lawan , to remove his company’ s name from the list of firms indicted for fuel subsidy fraud in 2012 .
Otedola, said rather , Lawan, the then Chairman of the House of Representatives Ad – hoc Committee on investigation into fuel subsidy regime in 2012 , got from him $ 500,000 out of the $3m the lawmaker demanded.
He testified as the fifth prosecution witness in Lawan’ s trial on bribery charges .

He testified as the fifth prosecution witness in Lawan’ s trial on bribery charges .

The businessman who was led by the lead prosecuting counsel , Chief Adegboyega Awomolo ( SAN ) , said , “ I could not have put pressure on him because Zenon Oil was not involved in the theft of the subsidy fund .
“ He did demand . And if he did not demand , why will he collect and expect a balance of $ 2 . 5 m ? He mentioned to me that the $ 3 m will be shared by himself and some other members of the House . ”</span>


He said his company was not involved in the fuel subsidy regime and there was no basis for it to be indicted , but Lawan only demanded money from him as a means of extortion .
“ He mentioned to me that several companies that were involved in the scam were paying . And I reported to the DSS. ”
The Federal Government , through the Office of the Attorney -General of the Federation , is prosecuting Lawan on amended four counts of corrupt collection of $ 500 , 000 out of the $ 3 m bribe he allegedly requested from Otedola.

“ He mentioned to me that several companies that were involved in the scam were paying . And I reported to the DSS. ”
The Federal Government , through the Office of the Attorney -General of the Federation , is prosecuting Lawan on amended four counts of corrupt collection of $ 500 , 000 out of the $ 3 m bribe he allegedly requested from Otedola.

Lawan was accused of accepting $ 500 , 000 as bribe for the removal of Otedola’ s company ’ s name , Zenon Petroleum and Gas Limited , from the list of firms indicted by the Lawan – led House committee for allegedly abusing the fuel subsidy regime in 2012:

Lawan was accused of accepting $ 500 , 000 as bribe for the removal of Otedola’ s company ’ s name , Zenon Petroleum and Gas Limited , from the list of firms indicted by the Lawan – led House committee for allegedly abusing the fuel subsidy regime in 2012:

Otedola told the court that he watched on the television how Lawan moved the motion for the removal of Zenon Oil from the list of indicted firms after receiving the $ 500 , 000 .

Otedola told the court that he watched on the television how Lawan moved the motion for the removal of Zenon Oil from the list of indicted firms after receiving the $ 500 , 000 .

However , he said his company was actually delisted from the list as a result of the documents supplied to show its innocence .

However , he said his company was actually delisted from the list as a result of the documents supplied to show its innocence .

The defence lawyer , Mr . L . Azuka , who is of the law firm of Chief Mike Ozekhome ( SAN ) , pleaded with the court to adjourn the case to afford them time to prepare for the cross- examination of the witness .

The defence lawyer , Mr . L . Azuka , who is of the law firm of Chief Mike Ozekhome ( SAN ) , pleaded with the court to adjourn the case to afford them time to prepare for the cross- examination of the witness .

Granting the request , Justice Angela Otaluka adjourned till January 28 for the cross – examination .

TAGGED:000Femi Otedola Says Farouk Lawan Demanded $3m Bribe From Him But Got $500
Share This Article
Email Copy Link Print
Previous Article Tiwa Savage tutors ladies with low self esteem and depression
Next Article Presidency plans withdrawal of $3.5bn to fund Buhari’s campaign, Frank alleges
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

You Might Also Like

Details Emerged As Bayelsa State Government Plans To Train 300 Teachers

By Track News

Taliban Commander Vows Jihad Against The Whole World

By Track News

Budget Office advises stopping pay increases and cutting the gasoline subsidy due to debt burden

By Track News

Twitter Reacts to Will Smith Slapping Chris Rock at the Oscars

By Track News
Track News
Facebook Twitter Youtube Instagram

About US

Track News is a leading news site with a primary focus on Nigeria and world news in general. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Top Categories
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
Usefull Links

© Track News Media. All Rights Reserved. | Website Designed By AfeesHost

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?