Fuel subsidy report bribe: Otedola appears before Police Task Force

Channels Television  
Updated June 12, 2012

The Chairman Zenon Petroleum, Mr. Femi Otedola is reported to have appeared before the Special Task Force headed by Commissioner of Police, Mr Ali Amodu, to either deny or confirm that he gave a bribe of $600,000 to the House member Chairman of House of Representative AD HOC committee on oil Subsidy, Farouk Lawan.

Mr. Otedola is said to have arrived the Force headquarters at about 10.55am, on Tuesday and told the Special Task Force that all he had said about the issue so far was the truth, and that he has nothing to hide.

The oil magnate is reported to have added that the bribe money in question, was given to Mr Lawan who, allegedly collected $500,000 in cash and the Secretary of the committee, Boniface Emenalo who collected $120, 000 in two installments .

Mr. Otedola is also said to have told the Special Task Force that the money in question was gotten wholesale, from the State Security Service (SSS), adding that it was so done to exonerate himself and to show that he was pressurized against his will to part with the money because he was aware of the implications before the law.