Flash! Oil Subsidy Scam Latest: Otedola Sues Tambuwal, Lawan For N250bn; Oil Marketers Battle Okonjo-Iweala; Allison-Maduekwe Vows To Sanitise Oil Industry

News Bytes

The ongoing oil subsidy scam probe on Thursday took a new dimension as a Lagos-based oil magnate, Femi Otedola dragged the Speaker of the House of Representatives, Aminu Waziri Tambuwal and former chairman of the House ad  hoc committee on the probe, Honourable Farouk Lawan, before an Abuja High Court claiming the sum of N250 billion as compensation for business losses he suffered by the actions of the defendants.

Counsel for Otedola, Babajide Koku, SAN, who joined Zenon Petroleum and Gas as co plaintiff, is claiming N100 billion as general damages for acts of intimidation, loss of goodwill and patronages occasioned by the acts of the Speaker and Lawan.

Meanwhile, the defendants have through their counsel, Kehinde Ogunwumiju, from Chief Afe Babalola chambers filed an objection to hearing of the suit by an Abuja High Court, claiming that it is only the Federal High Court that has jurisdiction to entertain…

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