The court gave the verdict on Tuesday at the Federal Capital Territory (FCT).
Lawan was found guilty of count one, two, and three bordering on corruptly asking for and obtaining a bribe from Femi Otedola, in order to exonerate Zenon Petroleum and Gas Limited from the list of companies in the fuel subsidy scam.
According to the ruling, for count one and two, the court sentenced him to seven years while for count three he was sentenced to five years. The sentences are to run concurrently.
Otedola, while giving evidence as the fifth prosecution witness, said the defendant had demanded $3 million and threatened to indict his oil company.
According to the businessman, he reported the matter to the Department of State Services (DSS) and was given $500,000 in marked notes.
He also said the DSS planted a camera in his house to catch Lawan red-handed.