Huhuonline.com understands  that Hon. Farouk Lawal, chairman of probe panel on petroleum subsidy, approached Femi Otedola to pay a whopping sum of three million dollars, when he refused to part with the money, Farouk Lawal listed his company Zenon Oil as One of the companies involved in the fuel subsidy scam.Consequently, Mr. Femi Otedola reported the extortion attempt to the state security service(SSS), which encouraged him to play along, and give the bribe money to Farouk Lawal in installment.

Huhuonline.com checks reveal the state security service (SSS) provided the sum of five hundred thousand dollars and another one hundred and twenty thousand dollars to Chief Femi Otedola.

Consequently, the oil magnate invited Farouk Lawal to his home in Aso Drive, Abuja, and gave him the first installment of five hundred thousand dollars($500,000.00); with a promise to pay him the balance, when he (Farouk Lawal), delist Zenon Oil from the probe panel report.

Also, Chief Otedola gave another one hundred and twenty thousand dollars ($120,000.00) to the secretary of the probe panel on petroleum subsidy.

However, unknown to the lawmakers, state security service had set up surveillance cameras monitor the transaction.

After receiving the bribe money, Hon. Farouk Lawal, publicly cleared Zenon Oil of all wrong doing.

Though he was caught on tape receiving five hundred thousand dollars from Chief Femi Otedola in his Abuja home, Hon. Farouk Lawal has denied collecting the bribe, and described the video footage as a fabrication.

In his words “a video footage displaying a caricature of my person allegedly having a dealing with a marketer reminiscent of the military era when dignitaries were invited to the villa to watch a video clip of a phantom coup involving Chief Olusegun Obasanjo is already in circulation.”

Hon Farouk stated that he was aware that in their desperation to discredit the report and divert the attention of the public from the real issues of large scale fraud in high places established in our report.

Hon Farouk further stated that the present mudslinging is not unexpected in view of the caliber of people whose actions and inactions were found wanting in the report.

Full text of Farouk Lawal statement read:

“My attention has been drawn to several newspapers and internet stories alleging that a prominent member of the House Adhoc Committee on Petroleum subsidy demanded and received the sum of $600,000.00 as bribe from an oil marketer.”

“I wish to categorically deny that I or any member of the committee demanded and received any bribe from anybody in connection with the fuel subsidy probe and I believe this is evident from the thorough and in depth manner the investigation was carried out and the all encompassing recommendations produced therefrom as approved by the whole House.”

“ The general Public is hereby reminded that during and after the investigations we have severally raised alarm on pressures on us from different quarters. In particular. I wish to refer to the front page publication in the Leadership Weekend newspaper of 28th April 2012 captioned “Marketers offered subsidy committee plane-load of dollars” where we alerted the public that a marketer promised to fly in a jet loaded with US Dollars which he  “intended to share to both the House leadership and members of the Adhoc Committee” to influence the outcome of the report.”

“This clarification is necessary in order to clear all the insinuations being bandied about and more importantly to enable the Government   concentrate on the implementation of the report.”

“The present mudslinging is not unexpected in view of the caliber of people whose actions and inactions were found wanting in the report. I am aware that in their desperation to discredit the report and divert the attention of the public from the real issues of large scale fraud in high places established in our report, a video footage displaying a caricature of my person allegedly having a dealing with a marketer reminiscent of the military era when dignitaries were invited to the villa to watch a video clip of a phantom coup involving Chief Olusegun Obasanjo is already in circulation.”

“ I wish to assure all Nigerians that the sanctity of our report remains unassailable and it will be in the best interest of the country if the relevant authorities faithfully and conscientiously implement the resolutions of the House. No amount of redherring and cheap blackmail will affect our resolve to continue to act in the best interest of the country with all the available information at our disposal. No doubt, the last has not been heard.”

REP. FAROUK M. LAWAN

Chairman,Adhoc Committee on Fuel Subsidy

House of Representatives

Source: Huhuonline