Billionaire Femi Otedola fired back at a former presidential aide's subsidy scam jabs over the weekend, branding the claims "malicious lies" and greenlighting a N1 billion libel lawsuit, while urging President Bola Tinubu to unseal a decade-old probe report that could name the real culprits.

Umar Sani, ex-media adviser to Vice President Namadi Sambo under Goodluck Jonathan, alleged Otedola's Zenon Petroleum pocketed fat subsidy checks during the regime's peak, controlling 90 percent of diesel imports and 40 percent of others.

Otedola, in a blistering riposte, shot down the narrative as "ignorance and mischief," insisting Zenon stuck to unsubsidized diesel and never touched petrol claims under the Petroleum Support Fund scheme.

The tycoon recapped his whistleblower creds: first tipping Jonathan and Senate heavyweight Bukola Saraki to the multibillion-naira fraud in 2012, sparking probes that exposed ghost importers. "If I was complicit... would I blow the whistle on myself?" he asked, detailing a DSS sting that nailed probe chair Farouk Lawan—later jailed five years for bribery—after marked bills changed hands in a recorded handoff.

Otedola swatted Sani's AMCON twist too, owning his 2008 crash losses led to asset handovers in a court-blessed settlement, praised publicly by the agency as a model for debtors. "AMCON officials... are alive to confirm," he said, plugging his memoir *Making It Big* for the full chronicle.

Pleading for transparency, Otedola called on Tinubu to declassify the Aigboje Aig-Imoukhuede panel's findings, halted midstream by Jonathan's team via EFCC chief Ibrahim Lamorde. "Nigerians deserve the truth... Let the real subsidy thieves be unmasked," he pressed, vowing to shield his name from "cheap propaganda."