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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