Wed Jun 30 2021
It was a landmark ruling in the country’s fight against corruption when, after nine years of trial, a court last week convicted chairman of the then House of Representatives Ad-Hoc Committee on Fuel Subsidy over fraud allegations. The chairman of the investigation committee, Faruk Lawan, was sentenced to seven years in prison for receiving bribe from billionaire oil magnate, Femi Otedola, who was the owner of one of the firms that Lawan’s committee was asked to investigate.
An FCT High Court sitting in Apo and presided over by Justice Angela Otaluka found Lawan guilty of all the three counts of bribery allegations brought against him. The case had moved to and from the court since it began in 2012. While delivering judgment, the judge held that from the pool of evidence before the court, the prosecuting lawyer, Adegboyega Awomolo (SAN), had established a case of corrupt practices against the defendant. “The defendant corruptly asked for $3 million and received
Court Sentences Lawan to Seven Years in Jail
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Fuel subsidy bribe: 9 years after, court sends Farouk Lawan to Kuje Prison
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The company had, through its lawyer, Moses Ofeoshi, filed the appeal against the Cross River State Government and the Attorney-General of the state following a judgment of an FCT High Court in 2019 refusing to affirm the arbitral award to Zedici Ltd over its investment of N3.8bn in the resort.
It contended that the FCT High Court, presided by Justice Angela Otaluka, erred in law when it held that the replacement of the arbitrator for the state after the withdrawal of its arbitrator Nella Andem-Rabana was not in compliance with the Arbitration and Conciliation Act, 2004.
Zedici said as a result of the agreement, it invested N3.8bn fixing all the facilities and providing infrastructure and security at the resort and the host Becheve community.
Obudu Resort: Appeal Court okays hearing on N3.8bn investment dispute
On
By Ikechukwu Nnochiri
The Abuja Division of the Court of Appeal, on Thursday, okayed hearing on an appeal a firm, Zedici Capital Ltd, filed to recover about N3.8billion it invested in Obudu Mountain resort.
The government of Cross River State and the Attorney-General of the State were cited as Respondents in the appeal the firm filed through its team of lawyers led by Mr. Moses Ofeoshi.
The appellant is seeking to set-aside an Abuja high court judgement which in 2019, refused to affirm arbitral award to it with respect to the N3.8bn it invested in the Obudu resort in Cross River State which it was engaged to remodel.