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Faruk Lawan's conviction | Dailytrust


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 ....

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How Polaris bank fully refunded NNPC's $223m to FG


Daily Trust intercepted a copy of the letter titled: Re: Invitation to investigative hearing In respect of NNPC deposit of $223,862,000 with the bank.
The letter which was dated June 21 and sent to the chairman of the Ad-Hoc Committee on the Assessment and Status of Recovered loots Hon. Adejoro Adeogun through the office of the Bank’s General Counsel Segun Tawoju provides extensive insight into the alleged controversial deposit.
The letter which had 10 annexures copiously provided details and revelations on the issues surrounding the transaction.
The Committee had during the sitting queried why the money had spent seven years with the bank without any action, adding that the bank must have thought the money had been forgotten. ....

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