This he disclosed today in front of a judge of the federal capital territory high Court, Apo, Angela Otaluka.
Lawan, who was chairman, the house of representatives committee probing the multi-billion naira fuel subsidy fraud, was accused of collecting money from Otedola, after he promised to remove Zenon Petroleum and Gas limited, his company, from the list of oil companies allegedly involved in the fuel subsidy fraud in 2012.
The attorney-general of the Federation (AGF) however charged him to court for allegedly receiving a bribe
Otedola said the money was given to him by the DSS to set a trap for Lawan after he wrote a petition against him.
He said the $500,000 was a part payment of the $3 million demanded by Lawan, which was eventually given to him under the supervision of the DSS.
Otedola said he petitioned the DSS immediately Lawan demanded the bribe.
“Lawan said he was going to exonerate my company after giving him the money, security cameras were mounted in my living room to capture the exchange of money between me and the defendant,” Otedola said.
“The video is with the DSS, the money was given to him in two tranches $250,000 each.”
The judge, however, adjourned the matter till March 8 for the continuation of cross-examination of the prosecution witness.