Billionaire Femi Otedola today (Wednesday, November 21, 2018) reiterated that Farouk Lawan demanded $3 million to cover up a non-existent subsidy his company was accused of pocketing.
Otedola confirmed during his evidence before Justice Angela Otaluka of the Federal High Court in Abuja that the former chairman of the subsidy probe approached him for a bribe to remove Zenon Petroleum & Gas from the list – and collected $500,000 as the first tranche of the settlement.
Led in evidence by Adegboyega Awomolo, Otedola stated:
I could not have put him under pressure because Zenon Oil was not involved in the theft of subsidy funds.
“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.”
Here are 2 other details you should know:
1. The case has again been adjourned to January 28, 2019.
2. Otedola was not crossed examined on account of the absence of Lawan’s lead counsel, Mike Ozekhome.