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We’ll recover fuel subsidy loot soon – Dr. Okonjo-Iweala

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, said, yesterday, that the Federal Government would recover the excess payments made to petroleum marketers on subsidy, as soon as the Aigboje  Aig-Imoukhuede committee completes its assignment. She revealed this after the second Prof. Barth Nnaji annual lecture at the Enugu State University of Technology, Enugu. President ... Read More »

Download the draft of the Petroleum Industry Bill (PIB) 2012

The PIB has undergone a lot of abuse and transformation. This latest one is the poorest of the lot. It’d help for you to look through and identify areas Nigerians could be shortchanged if passed by the National Assembly. This bill was designed to favour the Oil multinationals and Gas majors, with Nigerians on the receiving end again. It is ... Read More »

Lawan must resign, face criminal trial – Keyamo

Lagos-based lawyer, Mr. Festus Keyamo, on Wednesday said the suspended Chairman, House of Representatives Ad hoc Committee on Fuel Subsidy Regime, Mr. Farouk Lawan, must resign and face criminal trial for allegedly collecting money from the Chairman of Zenon Oil, Mr. Femi Otedola, to influence his committee’s report. Keyamo said in a statement on Wednesday that the “sequence of undisputed ... Read More »

Incredible: Court bars FG from acting on fuel subsidy report

Another set back for the fuel subsidy report Read More »

Subsidy Scam: Indicted Fuel Marketers Won’t be Prosecuted – Attorney General

The Attorney General of the Federation, Mohammed Adoke Bello, has stated that the fuel marketers indicted in the House of Representatives Adhoc fuel subsidy report will not be prosecuted. The attorney general made the statement in a sworn affidavit deposed to at a Federal High Court in Abuja. Adoke Bello is the third defendant in a suit brought against his ... Read More »

$620,000 bribery probe: Otedola, Reps clash

Emotions flared on Tuesday as members of the House of Representatives Committee on Ethics and Privileges and oil businessman, Femi Otedola, reportedly clashed at the National Assembly. Otedola was at the House to answer questions relating to the $620,000 bribery scandal involving a lawmaker, Farouk Lawan. The billionaire businessman appeared before the committee but he refused to testify, submitting in ... Read More »

Read and Listen: Farouk Lawan vs Otedola part 2

Faroukgate Read More »

Lawan bribery video to be shown on national TV

THE messy bribery scandal involving a member of  the House of Representatives, Farouk Lawan, and owner of Zenon Oil and Gas Limited, Femi Otedola, took an interesting twist on Monday. First, The PUNCH learnt early yesterday that the bribery video might be aired on national television anytime soon. Our correspodents gathered that six video tapes and 16 audio tapes were ... Read More »

Senate committee discovers illegal NNPC JP Morgan account


Bribery: Lawan wants face-to-face confrontation with Zenon boss

Four Senior Advocates of Nigeria, representing Farouk Lawan have petitioned the Acting Inspector-General of Police, Mohammed Abubakar, asking for a face-to-face confrontation between the lawmaker and Otedola. The lawyers are Mike Ozekhome, Rickey Tarfa, Isreal Olorundare and Sam Ologunorisa. In a petition dated June 22 and obtained by our correspondent on Saturday, the lawyers urged the police to thoroughly investigate ... Read More »

Bribery: Otedola sues Tambuwal, Lawan, others for N250bn

The $620,000 bribery scandal involving a federal legislator, Farouk Lawan and businessman, Femi Otedola, has entered a new phase with Otedola asking a court to order Lawan and three others to pay him N250bn in damages. The suit coincides with petitions to the Inspector-General of Police by Lawan’s lawyers demanding a face-to-face confrontation between the lawmaker and the businessman. The ... Read More »

N96m bribe: Reps make a U-turn, grill Lawan in secret

The House Committee on Ethics and Privileges on Thursday grilled the removed chairman of the House of Representatives’ committee probe panel on fuel subsidy regime, Farouk Lawan, for several hours on the $620,000 bribe the lawmaker confessed to have received from businessman, Femi Otedola. The questioning of the diminutive legislator from Kano State however was held behind closed doors, contrary ... Read More »

N96m bribe: I collected money not bribe – Lawan

Details of the testimonies of the suspended Chairman of the House of Representatives Committee on Monitoring of Subsidy Regime, Mr. Farouk Lawan, showed that he admitted taking “money” and “not a bribe” from oil businessman, Mr. Femi Otedola. Lawan had appeared before the House Committee on Ethics and Privileges on Thursday. The committee, which is investigating the $620,000 bribery allegation, ... Read More »

Appeal Court Orders Retrial Of Kenny Martins, Three Others Over N 7.7bn Police Equipment Scam

The Court of Appeal sitting in Abuja has ordered the retrial of Chief Kenny Martins and three others in respect of the embezzlement of Seven Billion, Seven Hundred and Forty Million Naira (N7,740,000,000.00) belonging to the Police Equipment Fund. In a well-considered judgment delivered by Justice Regina Nwodo, JCA, Leading two other justices on Thursday, the appellate court among other ... Read More »

Bribery: Police probe fuel subsidy panel members’ accounts

Police have written to the Financial Intelligence Unit to get the account details of Farouk Lawan and other members of the House of Representatives ad hoc committee on fuel management. Our correspondents gathered on Thursday that the Special Task Force handling the case was desirous of getting the account details of the committee members in order to broaden its investigation ... Read More »