Blog

Just after the recent Renewal of The Dangote Otedola crises read here http://bit.ly/beAnsZ

another one has arisen from the ashes so to say ?

The police said in Abuja on Thursday that two persons suspected to be behind an alleged attempt to kill the Chairman of African Petroleum Plc, Mr. Femi Otedola, and six directors of the company had been arrested.



Inspector-General of Police, Mr. Ogbonna Onovo, who disclosed this at a press conference, said the suspects were being interrogated by the police.



Onovo said that Otedola and the six directors were trapped in the lift at the AP Plaza in Lagos on July 25, while on their way to an emergency meeting of the board of the company.



The IG explained that Otedola and his team entered an empty lift, but were trapped for more than two hours.



Onovo, who addressed journalists at the Force headquarters through the Deputy Inspector-General, Force Criminal Investigation, John Ahmadu, said that three elevator engineers that examined the lift to ascertain the possible cause of the incident concluded that it was tampered with.



“The chairman was ushered into an empty lift with six other members of his team. Soon after they entered the lift, all the seven occupants were trapped for over two hours,” he said.



He explained that the experts, who inspected the lift, discovered that its safety switch was pressed down, leading to the halting of the facility and trapping of the AP chairman and the others for about two hours.



The suspects, according to the IG, were in charge of the lifts supplied by Otis Lifts Limited, and he gave their names as Celestine Ononobi and Moses Oluremi.



Otedola and the directors were to attend an emergency meeting of the board of AP where crucial decisions affecting the company were to be taken on July 25, 2010 when they were trapped in the lift.



The incident was believed to be in connection with the infighting among the management team, which resulted in the sacking of the managing director and the suspension of an executive director as well as the company secretary.



The case was being handled by the Lagos State Police Command before Onovo directed that it should be taken over by Force CID for diligent investigation.



He stated that the lift was powered by a 625KVA generator at the time of the incident and should not have had any problem, since it was installed barely one year ago and was regularly serviced by technical staff of Otis Lifts Limited.



He IGP said, “The technical experts who examined the lifts after the incident found out that the lift was tampered with because the safety switch was pressed down.



“The moment they depressed the switch, the lift started working again perfectly, indicating that the incident was an act of sabotage and an attempt to murder its occupants.”

Femi Otedola Goes into Exile as "attempt" on his life escalates literally

The crisis rocking the oil marketing firm, Africa Petroleum (AP), has led to the self exile of its chairman, Femi Otedola, NEXT has learnt.

Mr. Otedola, whose company, Zenon Petroleum and Gas limited, is the major investor in AP, is currently in England to avoid another attempt on his life. This is according to a senior official of AP who spoke to NEXT on condition of anonymity.

The businessman, who was named by Forbes magazine as being among the world's richest billionaires last year, first alleged threat to his life when an elevator in his company's headquarters malfunctioned mid-way with him in it.

The management of AP reported the incident to the police alleging sabotage with fingers pointed towards another senior official of the company Clement Aviomoh, who is the executive director, finance and information technology.

Mr. Aviomoh, in a press statement, however denied any involvement in the incident explaining that the incident was caused by the actions of Mr. Otedola.

"On the 5th of July 2010, there was a scheduled board meeting of AP Plc; the chairman stormed the venue with 150 armed mobile police men. He entered the lift with too many security operatives thereby overloading the lift. Thereafter the lift got stuck and we got a report from CFAO and the maintenance engineer that clearly stated that there was no foul play," Mr. Aviomoh stated.

Our source, however, said the police have concluded a forensic examination of the lift and it is clear that it was tampered with. According to the source the police will soon make public their findings and also effect the arrest of those implicated in the plot.

Conflicting police statements

NEXT could, however, not get an independent verification of the claim. In fact, the police yesterday gave conflicting reports on their investigation of the incident.

Emmanuel Ojukwu, the police public relations officer at the force headquarters in Abuja stated that though he was aware of the case, the matter was being investigated in Lagos and so was under the Lagos State Police command.

"It (the case) can be moved from Lagos to force headquarters, Abuja, but I am not sure it has been moved," Mr. Ojukwu said.

The Lagos police spokesman, Frank Mba, however, claimed ignorance of any investigations saying, I don't know anything about it; I don't have any information about it.

NEXT learnt that Mr. Otedola had expressed his distrust of the Lagos State police command, which made the police transfer the investigation to the force headquarters in Abuja.

While the police are being economical with the truth over their investigations, two members of the board of AP: Osa Osunde, the Vice Chairman; and Nebolisa Arah, a director; on Wednesday secured an injunction from the federal high court in Lagos restraining the Inspector General of police, the commissioner of police, Lagos State, and the Special Investigation Unit from "incessant invitation to the police station, threatening to arrest or further arresting, impeding the liberty ... of the applicant pending the determination of the application." The injunction was granted by O. Abang, the presiding judge.

The AP crisis was first brought to the fore in July last year when Access Bank, one of the company's creditors asked a court to wind up AP following its inability to pay its debt.

"The company is insolvent and unable to pay its debts. In the circumstances, it is just and equitable that the company should be wound up," a statement by the bank said.

Following Access Bank's statement, other creditors, as reported by NEXT on Sunday in previous stories, started asking for their money fearing the worst for AP. The company however challenged some of the banks including Access Bank of refusing to pay their own debt to the company.

Things got worse when Mr. Aviomoh, the finance director, alleged among others that "in 2009, African Petroleum plc made a loss of about N15 Billion, this was due to the fact that the Chairman's companies (Zenon Petroleum and Gas Company Limited, Platinum Fleet Limited and Fineshade Energy limited) started selling products to African Petroleum Plc at Higher prices than normal, at times higher than the retail pump price at gas station."

Mr. Aviomoh, who has now been suspended by the AP management, accused Mr. Otedola of mismanaging AP to the benefit of his own companies.

Our source in AP however said there is no truth in the allegation and that it is a campaign orchestrated by those who bought AP shares and have been unable to pay. ''They are angry that our Chairman is insisting on payment and want to damage him by peddling lies," the source said.