Date Published: 08/28/09

EFCC quizzes Otedola, Arisekola over debts

Frontline Ibadan-based businessman, Alhaji Azeez Arisekola and oil magnate, Mr. Femi Otedola, this morning appeared before the operatives of the Economic and Financial Crimes Commission (EFCC) in connection with the debts they are owing some of the five banks, whose chief executives were sacked two weeks ago by the Central Bank of Nigeria.

Arisekola, arrived the EFCC office at Awolowo Road, Ikoyi at exactly 11:35 a.m. decked in a white guinea brocade with a swagger stick.

He refused to declare his mission but P.M.News gathered that the visit might not be unconnected with the N5 billion his company, Lister Oil Limited, is owing Intercontinental Bank Plc.

Otedola, who arrived earlier also declined to talk to journalists. He went into the EFCC office, carrying some documents. Otedola’s company Zenon Oil, is owing Union Bank N6.2 billion.

As at the time of filing this report (12 noon), both men were still in the EFCC office.