Alleged N12.3bn Fraud: EFFC to arraign Oba Otudeko, Onasanya, two others Jan 20

A Federal High Court in Lagos, on Thursday, fixed January 20, for arraignment of Chairman of the Honeywell Group, Oba Otudeko, over alleged N12.3 billion fraud.

 

The Economic and Financial Crimes Commission (EFCC) preferred a 13-count charge against Otudeko, and a former Managing Director of First Bank Plc, Olabisi Onasanya, reports News Agency of Nigeria (NAN).

 

Also charged is a former board member of Honeywell, Soji Akintayo and a firm, Anchorage Leisure Ltd.

 

The charge is marked FHC/L/20C/2025

 

The defendants were accused of allegedly looting N12.3 billion from First Bank.

 

According to the EFCC, they committed the offence in tranches of N5.2 billion, N6.2 billion, N6.1 billion, N1.5 billion and N500 million, between 2013 and 2014 in Lagos,

 

The charge, filed on Thursday by EFCC prosecutor, Mrs Bilikisu Buhari, further claimed that the defendants made and forged documents to deceive the bank.

 

They are to appear before Justice Chukwujekwu Aneke, to whom the case, has been assigned.

 

•Photo Caption: Oba Otudeko, Onasanya