A Federal High Court in Lagos on Thursday fixed January 20, 2025 for the arraignment of Chairman of the Honeywell Group, Oba Otudeko, over alleged N12.3 billion fraud.
The Economic and Financial Crimes Commission preferred 13 counts against Otudeko and a former Managing Director of First Bank Plc, Olabisi Onasanya.
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.
Also Read:
- Osun 2026: God has ordained you for second term, Primate Ayodele tells Gov. Adeleke
- Tinubu okays conversion of YABATECH to university
- X named most harmful social media platform in Nigeria
- Exam Malpractices: NECO blacklists 14 centres in Ogun, Oyo
- Canada declines comment on visa denial for Nigeria military chiefs
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, 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.