Subsidy fraud: Otedola slams N1bn suit on Sani, asks Tinubu to release Aig-Imoukhuede report.

Nigerian businessman, Femi Otedola, has said that he has instructed his lawyers to file a N1 billion libel suit against Umar Sani, a former aide to Vice President Namadi Sambo.

The development followed allegations made by Sani, linking Otedola to the fuel subsidy fraud under the Goodluck Jonathan administration.

In response to Otedola’s allegation that “over N2 trillion was siphoned through questionable subsidy claims under the Jonathan administration”, Sani had claimed that “Otedola himself enjoyed enormous privileges during the era”.

Sani equally accused Otedola of engaging in “hypocritical, selective, and convenient rewriting of history”.

However, in a statement released late on Sunday night, Otedola described Sani’s claims as “malicious lies”.

Recalling his role in exposing the subsidy scam, Otedola said he was the first to alert former President Goodluck Jonathan and then Senate President Bukola Saraki of the fraud at the time, wondering how he could be accused of benefiting from the same scam he blew the whistle on.

Dismissing Sani’s attempts to link him with the subsidy scandal, Otedola declared that his company, Zenon Petroleum, never traded in petrol and therefore could not have accessed the subsidy funds.

Announcing his decision to sue the former presidential aide over the alleged defamatory remarks, Otedola insisted that he would not allow anyone to toy with his hard-earned reputation.

Subsidy fraud: Otedola slams N1bn suit on Sani, asks Tinubu to release Aig-Imoukhuede report. Nigerian businessman, Femi Otedola, has said that he has instructed his lawyers to file a N1 billion libel suit against Umar Sani, a former aide to Vice President Namadi Sambo. The development followed allegations made by Sani, linking Otedola to the fuel subsidy fraud under the Goodluck Jonathan administration. In response to Otedola’s allegation that “over N2 trillion was siphoned through questionable subsidy claims under the Jonathan administration”, Sani had claimed that “Otedola himself enjoyed enormous privileges during the era”. Sani equally accused Otedola of engaging in “hypocritical, selective, and convenient rewriting of history”. However, in a statement released late on Sunday night, Otedola described Sani’s claims as “malicious lies”. Recalling his role in exposing the subsidy scam, Otedola said he was the first to alert former President Goodluck Jonathan and then Senate President Bukola Saraki of the fraud at the time, wondering how he could be accused of benefiting from the same scam he blew the whistle on. Dismissing Sani’s attempts to link him with the subsidy scandal, Otedola declared that his company, Zenon Petroleum, never traded in petrol and therefore could not have accessed the subsidy funds. Announcing his decision to sue the former presidential aide over the alleged defamatory remarks, Otedola insisted that he would not allow anyone to toy with his hard-earned reputation.
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