The preliminary objections are from Otudeko and others charged along with him.
Browsing: Oba Otudeko
The battle for the soul of any organization, especially one in which one of the major shareholders had devoted his blood and sweat to building, should never be used to tarnish a reputation built over the years.
In a charge marked FHC/L/20C/2025, the Economic and Financial Crimes Commission preferred 13 counts against Otudeko, Onasanya and a former board member of Honeywell, Soji Akintayo
The legal tussle stems from a dispute between the bank and its former Chairman, Oba Otudeko, over the true state of his shareholding
Awosika, who spoke in a statement, titled: “My FBN Group Journey,” made her position known two days after the Governor of the CBN, Godwin Emefiele, announced her sack alongside other Board members, including Oba Otudeko
The visit was to show appreciation to the President and thank him for participating in First Bank of Nigeria Limited’s 125th anniversary activities held earlier this year and update him of some recent investment activities of the Group.
When the management of First Bank of Nigeria Limited hoisted its flag on March 1, 2019 across Nigeria and other countries where it operates, symbolising the commemoration of the bank’s 125th anniversary, the gesture sparked a groundswell of encomiums.
Nwachukwu made the call while speaking at the “Vanguard Personality of the Year Awards” in Lagos
Otudeko said Honeywell had paid a total of N3.5 billion to Ecobank as full and final settlement of all its obligations to the bank
The event, which took place on March 20 and 21, 2017 at Geneva, convened over 1,000 African and international figures from diverse industries and politics to discuss strategic insights and changes that must be made for the sustainable growth and development of the African economy
He was a former President of the Nigerian Stock Exchange and assumed responsibility for the change transformation of the Nigerian capital market along with its Council, driving the market to its highest capitalization ever during his tenure
The Sam Nda-Isaiah-led board says the award is “for his relentless appetite for risk, his zeal to impact lives by creating jobs and transforming the business landscape with legacy projects and his philanthropy
It ruled that the agreement between Honeywell Group and Ecobank to the effect that Honeywell Group pays N3.5 billion as full and final payment of the borrowers’ indebtedness was valid, binding and should be complied with.
Honeywell on its part has fulfilled its obligations and is asking Ecobank to likewise fulfill its own obligations.
Ecobank Plc told the Court that Otudeko asked and was granted various loans for his companies but has failed to repay
Until then, many did not know how close immensely rich Oba Otudeko was to the late Ibadan high chief before he surfaced as the executor of the will
He is claiming $48 million against the defendants as damages for breach of contract over a 10.8 square metres of land within the Lagos Ports Complex, known as the 5th Apapa Wharf Extension
The Honeywell Group Chairman has requested that to further promote his ideals of philanthropy and giving back to the society, those who plan to send gifts or media messages should channel the funds to Footprints Occupational Training Centers, an initiative of the Oba Otudeko Foundation
Oba Otudeko receiving the ThisDay Lifetime Achievement Award from former President Bill Clinton