Farouk-Gate: Audio conversation is revealed!…how Lawan and Otedola traded payment agreement

    Farouk Lawan and Femi Otedola

    A sensational video of a payment agreement discussion between Hon. Farouk Lawan, former Chairman of House Committee on Subsidy  and Oil mogul, Femi Otedola has revealed how the lawman negotiated payment agreement and bringing in a third party to receive payment.

    The Audio was revealed by  Channels Television and has formed part of the conversation between  Farouk Lawan and Mr  Otedola over the $3million bribery allegation scandal.

    The lawman has been invited for interrogation by the House Committee on Ethics, investigating the scandal and was interviewed  behind closed door.

    Femi Otedola is to appear this Tuesday July3 2012, having been invited by the same committee.

    Here is the audio recording:……read the transcript below.

    With the House Committee on Ethics investigating the scandal, more evidence are about to unfold  in the alleged bribery scandal.

    Honourable Farouk Lawan and the MD/CEO Zenon Oil and Gas have both claimed to be entrapping each other in order to lay claim to innocence  in the shady deals over the alleged payment of $620,000 out of the $3million bribe demanded.

    It emerged few weeks ago that the Chairman, House of Representatives’ ad hoc committee on Fuel Subsidy, Farouk Lawan collected $620,000 as part payment for a $3million bribe, which he demanded from billionaire and oil magnate, in a bid to exonerate his companies from the fuel subsidy probe just as the report of the probe was being submitted to the government.

    It emerged in the audio that conversation over deposit of a large sum of money had commenced before the recording set was switched on. It started with the MD/CEO Zenon Oil and Gas, Femi Otedola saying he does not want to take the money back to his house: “I don’t want to take it to my house; it is a lot of money” he said.

    Then the lawmaker replied that he is on his way out and by the time he returns, he will have to head to the chambers of the House of Representatives.

    Mr Otedola then asked, if he should reschedule his planned trip to China, but the Honorable Farouk said no and offered to bring in a third person to collect the bribe.

    The lawmaker gave the phone numbers 08036513355, naming the person as TJ.

    Acknowledging the transaction, Mr Farouk responded affirmatively to Otedola’s remark that if he receives the initial payment, then there will be a balance of $2.5million, (asking “that’s right?”) while he added that he would  be calling the third person to ensure the collection of the initial payment was effected.

    The conversation verbatim

    Otedola: How are you sir?  I don’t want to bring it to my house

    Lawan: Oh, you would take it to your house

    Otedola: No I don’t want to bring it to my house; it is a lot of money

    Lawan: err… so where? Because I’m rushing to the… they ( meaning the money) are at the airport now?

    Otedola:   Yes they are in the airport in the aircraft

    Lawan: Well I can’t come over now and before they can come over now unless I send somebody to… but I can’t because…by the time they come I should be…I have a lot of things to do myself

    Otedola: Is there anybody you think I can give it to or maybe I should just postpone my trip to China till tomorrow?

    Lawan: No, no it’s ok…I’ll arrange it with someone…let me give you his number 080

    Otedola: hold on hold on

    Lawan: 08036513355

    Otedola: (Repeats number after him)What’s the name?

    Lawan: TJ

    Otedola: Sorry?

    Lawan: aaarrh… TJ

    Otedola: Ateezay?

    Lawan: TJ!

    Otedola: Teezay?

    Lawan: No, Tj

    Otedola: OK. So I will give him the balance; that is erm… 2.5 million dollars, yea?

    Lawan: that’s right. Hold on. I’m calling him to be sure his phone is on…..

    The Chairman, House of Representatives’ Ad Hoc Committee on Fuel Subsidy probe, while presenting the 210-paged Fuel Subsidy report to a plenary session of the House of Representatives, on the 21st of April, moved a motion of recommedation that two companies should  be removed from the list of companies indicted by the committee for receiving forex from the Central Bank of Nigeria but failed to bring in the fuel.