by ‘Jola Sotubo The funeral mass for a former Governor of Lagos, Sir Micheal Otedola held on Friday in Epe and of course there was a reception afterwards. The billionaire son of the deceased, Femi Otedola made sure that no stones were left unturned for his father’s final rites. The event was well attended by... Read More
by Akan Ido Zenon Oil boss, Femi Otedola, famous for his sparkling white traditional attire is here seen with Ovation International Magazine publisher, Dele Momodu alighting from the state-of-the-art yacht belonging to the quintessential businessman. Reports say the massive yacht is equipped with the best of facilities and a three bed apartment to go with... Read More
by Akan Ido It might come to you as a surprise but businessmen Femi Otedola has a daughter who is into music. Florence Otedola, a UK based DJ has released a music single, I love my country, from her upcoming EP titled, NeoAfrobeats. The younger Otedola, who goes by the stage name Cuppy is set to feature... Read More
by Debo Adejugbe One of the poster boys of that era is our present President who has gone on to break records in corrupt endeavors and in the process, templated “how not-to-do-it” in government. In his new book, “The End of Power”, published on March 5th, 2013, Moisés Naím posited that revered global institutions are... Read More
by Abdullahi Aborode Say to them that all subsidy thieves including Otedollar will be brought behind bars because Go-slow is ready to act, tell them that the Naira will be equal in value to the Kuwaiti Dinar. It was 31st of December 2012, the last day of a truly miraculous year. A year truly remarkable... Read More
by Akan Ido The Goodluck Jonathan administration assumed office in 2011, with a firm commitment to fight corruption and win the war, but almost two years down the line, the ‘fight’, according to analysts seems not to have left the runway for take-off. The current EFCC chairman, Ibrahim Lamorde, recently gave reasons why the commission... Read More
by Isi Esene Femi Otedola, the chairman of Zenon Oil and Gas has dragged the speaker of the House of Assembly, Aminu Tambuwal, and former chairman of the ad-hoc Committee on the Oil Subsidy Probe, Farouk Lawan, before an Abuja High Court for defamation of character. He is asking the court to order both parties... Read More
by Stanley Azuakola Admittedly, the House of Representatives does not like Femi Otedola, the businessman who was the driving force behind the exposure and subsequent disgrace of one of its old shining stars, Hon. Farouk Lawan. But whether it is a case of sentimental grudge or not, yesterday’s announcement by the CEO of the Asset... Read More
by Akan Ido The Assets Management Corporation of Nigeria (AMCON) has confirmed the settlement of debt owed by the Zenon and Forte Oil boss, Femi Otedola, to the asset management company. The amount owed is said to be worth N140,999,620,395.80. The AMCON boss, Mustafa Chike-Obi stated that the board of AMCON met last Thursday and... Read More
by Isi Esene The financial bid process for the Power Holding Company of Nigeria successor Generation Companies attracted a number of notable businessmen such as Tony Elumelu, Femi Otedola and several others. The bidding was organised by the Bureau of Public Enterprises (BPE) the privatize the generation component of the supply of electricity to the... Read More
by Isi Esene Nigeria’s long road to a stable power supply appears to be shortening with the naming of preferred bidders for some of the power generation plants slated for privatization. This announcement was made today in Abuja by representatives of the Bureau of Public Enterprises (BPE) who named a consortium which included Transcorp Plc... Read More
#TeamIntegrity the Twitter account reads as part of the profile header, and it already has almost 2000 followers. An account sprung up on the internet claims to be the official account of Honourable Farouk Lawan currently buried in a negative wall of criticism over an alleged $620,000 bribery scandal with Zenon Oil chairman Femi Otedola and it is easy to see who the... Read More
by Isi Esene Mr. Femi Otedola appeared yesterday before the House of Representatives’ Committee on Ethics and Privileges probing the bribe allegation trailing the fuel subsidy probe lead by Farouk Lawan. Otedola who had earlier stated his preference for an open session refused to answer all questions posed at him by members of the House Committee. He, however,... Read More
by Isi Esene The $3m bribery scandal involving Femi Otedola and Farouk Lawan has just gotten more interesting with the release of a second audio of the conversation purported to be between both seasoned actors. The 1 minute 52 seconds audio, released by Channels Television contained a conversation believed to have transpired between both men before the submission... Read More
by Isi Esene Zenon Petroleum Boss, Femi Otedola, has honoured the invitation of the House of Representatives Ethics and Privileges Committee probing his alleged $620,000 bribe to a House member, Farouk Lawan. Otedola reportedly arrived at 1.55pm while the hearing began at 2.05pm with introductions. It was a closed-door session as against Otedola’s demand for an open hearing. It appears... Read More
by Staff Writer The $620,000 scandal hovering between oil business man and chairman of Zenon Oil Femi Otedola, and former head of the House of Representative’s committee on fuel subsidy Farouk Lawan gets a new twist: Channels TV released the audio of the alleged interaction, with Lawan allegedly asking for $3 million. The video of the interaction... Read More
by Staff Writer As the investigations over the $620,000 bribery fiasco involving Farouk Lawan and oil magnate, Femi Otedola tries to gain some traction after being stonewalled by many of the parties involved, Otedola has moved on, trying to get financial restitution, in the amount of N250 billion. For intimidating and costing him good will and patronage, the Chairman... Read More
by Stanley Azuakola Whether it is done in the open, or behind closed doors, the police say the investigation of the Farouk Lawan bribery saga by the House Committee on Ethics and Privileges is illegal. The argument being, the House has no business investigating a criminal matter. If they do, then what will police officers do? The Punch newspaper spoke... Read More
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