BY KINGSLEY OMONOBI

ABUJA-Police authorities in Abuja yesterday confirmed that they are investigating allegations of blackmail against billionaire businessman, Femi Otedola, by the managing director of a firm with dealings with the Nigeria Stock Exchange (Pro-Share Nig Ltd), Mr Femi Awoyemi.

Awoyemi allegedly threatened Otedola to pay a ransom of N50million or he would publish damaging documents against him.  

Consequently, the Police noted that Awoyemi, who had been invited severally, including through his lawyers, to state all he knew about the matter, had been on the run from both his house and his office, even as he directed his staff to delete all the text messages and computer documents relating to his threats from their phones and office computers.

A statement by Force Public Relations Officer, DCP Olusola Amore, said: “The Police commenced investigation into the case reported against Femi Awoyemi, MD of Pro-share, for allegedly demanding, with threat, for a ransom of N50million from Femi Otedola not to publish a particular article but the suspect went ahead with his threat and published the article.”