More
    HomeNews"Drama Erupts in Court as Otudeko’s Counsel Challenges ₦12.3 Billion Fraud Charges"

    “Drama Erupts in Court as Otudeko’s Counsel Challenges ₦12.3 Billion Fraud Charges”

    Published on

     

    In a recent court session at the Federal High Court in Lagos, drama unfolded as the legal team for Oba Otudeko, Chairman of Honeywell Group, protested the fraud charges against him. The charges, amounting to ₦12.3 billion, were brought by the Economic and Financial Crimes Commission (EFCC), which accuses Otudeko and his co-defendants—Olabisi Onasanya, former Managing Director of First Bank Plc, and Soji Akintayo, a former Honeywell board member—of obtaining the funds through fraudulent activities.

    Bode Olanipekun (SAN), who represents all three defendants, expressed dissatisfaction with the procedure, arguing that the charges had not been formally served to Otudeko or the other two individuals involved. Furthermore, the EFCC has implicated a company, Anchorage Leisure Ltd., in the alleged fraud.

    This development follows a series of legal proceedings involving high-profile figures and highlights ongoing concerns over financial misconduct in the country. The case remains to be resolved in the coming weeks.

    Latest articles

    PDP reacts to Uromi killings, accuses Okpebholo of ignoring security warnings

    The People’s Democratic Party (PDP) has accused Edo State Governor, Monday Okpebholo, of neglecting...

    Reno Omokri disagrees with Dele Momodu over ‘Killing of Democracy’ comment

    Former presidential aide, Reno Omokri, has dismissed veteran journalist and politician Dele Momodu’s claims...

    Dele Momodu to Tinubu: Don’t kill democracy in Nigeria

    Prominent Peoples Democratic Party (PDP) figure, Dele Momodu, has criticized President Bola Tinubu’s suspension...

    Group commends Orji Kalu for selfless service to Abia North

    The Coalition of South East Youth Leaders (COSEYL) has praised Senator Orji Uzor Kalu...

    More like this

    PDP reacts to Uromi killings, accuses Okpebholo of ignoring security warnings

    The People’s Democratic Party (PDP) has accused Edo State Governor, Monday Okpebholo, of neglecting...

    Reno Omokri disagrees with Dele Momodu over ‘Killing of Democracy’ comment

    Former presidential aide, Reno Omokri, has dismissed veteran journalist and politician Dele Momodu’s claims...

    Dele Momodu to Tinubu: Don’t kill democracy in Nigeria

    Prominent Peoples Democratic Party (PDP) figure, Dele Momodu, has criticized President Bola Tinubu’s suspension...