Otedola testifies against Farouk Lawan, says he collected $500,000 bribe

Farouk Lawan
Farouk Lawan

Nigerian oil magnate, Femi Otedola, on Wednesday appeared in court where he testified against a former House of Representatives member, Farouk Lawan, saying he demanded from him a bribe of $3 million out of which he collected $500,000.

Appearing at the Federal Capital Territory High Court in Abuja, Otedola said the bribe as stated by Lawan was for him to remove his company, Zenon Petroleum and Gas Limited from the list of oil companies allegedly involved in fuel subsidy fraud.

This, Otedola said, Lawan effected after he collected the said $500,000 from him.

“I could not have put him under pressure because Zenon Oil was not involved in the theft of subsidy funds,” Otedola told the court, disclosing that he was expected to pay $2.5 million balance to Lawan.

“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,” Otedola told the court.

Lawan was the former chairman of a House of Representatives committee investigating a multi-billion dollar fraud associated with government fuel subsidy during the administration of former president Goodluck Jonathan.

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