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The Digest:

Billionaire businessman Femi Otedola filed a ₦1 billion libel suit against Umar Sani, a former media aide to ex-VP Sambo, for linking him to subsidy fraud. Simultaneously, Otedola urged President Tinubu to release the full Aigboje Aig-Imoukhuede probe report.

Key Points:
  • Femi Otedola has filed a ₦1 billion libel suit against Umar Sani, a former aide to Vice President Namadi Sambo.
  • He dismissed Sani's publication linking him to fuel subsidy fraud as "false and baseless."
  • Otedola clarified his company, Zenon, only imported diesel, which was deregulated and not eligible for subsidy.
  • He stated he was the whistleblower who first alerted President Goodluck Jonathan to the subsidy fraud.
  • Regarding the Farouk Lawan scandal, he maintained it was a sanctioned SSS sting operation.
  • Otedola called on President Bola Tinubu to release the full Aigboje Aig-Imoukhuede subsidy probe report.
  • He defended his AMCON debt settlement as a transparent, court-supervised process.
This public rebuttal challenges a long-standing narrative, positioning the businessman as a key whistleblower fighting to clear his name and hold the real perpetrators accountable.

Sources: PREMIUM TIMES

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