Oil mogul, Femi Otedola, interrogated by police over $620,000 bribery scandal

Police investigators grilled oil mogul, Femi Otedola, on Tuesday on allegation he offered a USD620,000 to Farouk Lawan, chairman of the House of Representatives ad hoc committee on fuel subsidy management.

Mr. Otedola was at the police headquarters in Abuja, where he was quizzed by a task force in the office of the Inspector General of Police, Mohammed Abubakar.

He was later released after he was reportedly interrogated for close to an hour.

He has admitted he gave the money to Mr. Lawan to get his oil marketing firm, Zenon Ltd, cleared of indictment over fuel subsidy fraud that involved several firms and cost the nation more than N2 trillion.

Mr. Otedola however claims he acted with law enforcement agents who planted visual and audio devices to trap Mr. Lawan after he had pestered him to pay bribe. The money was part of an agreed USD 3 million.

In turn, Mr. Lawan has claimed he never received bribe, but took the money to expose Mr. Otedola.

It is not clear whether charges will be filed against Mr. Otedola, an oil billionaire, close friend of President Goodluck Jonathan and key financier of the governing People’s Democratic Party(PDP).

It is not clear whether Mr. Lawan also appeared before the police on Tuesday. 

 


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  • This is another litmus test for this administartion on its claims to being zero torerant to corruption. The nation waits.

  • Lgsuraj

    May God continue to EXPOSE them.

  • Woleadeyemi

    The Bukola Saraki’s case is also there cooling off.When would the actual fight against really be fight?cAN THE PEOPLE HOLDING TOP POSITION BE QUESTIONED?

  • bonifacejoe

    if federal government is seriuos about fighting corruption, nigerians will know when Ribadu is redeployed to that sector.

  • Dr Pat Kolawole Awosan

    President Jonathan has been exposed indirectly, through the oil magnate-Femi Otedola’s S600,000-bribery to House of Reps fuel subsidy committe-chairman Farouk Lawan.president Jonathan has finally shown his true hiden colour,cabals like Femo Otedola are the true elements that Jonathan represents in governance.

    Nigerians can now realize that president Jonathan does not represent the generality of their national intrest but special intrest of looters,thieves,embezzler of our national commonwealths,as the fowl has finally come home to roost.Revolution is the only precription,that can work miracle to salvage Nigeria from the precarious state of massive official corruption as we have all witnessed,todate.
    No nation that is bedridden with corruption like Nigeria can ever make any progress or record human development or infrastructures development.Nigeria is at the tipping-point of precipice.

    Dr Pat Kolawole Awosan,
    Writes From Canada.