Just In: Lawyer protests N12.3bn fraud charge against Otudeko in court

Oba Otudeko1

Dr Oba Otudeko, Chairman Honeywell Group

By Sandra Umeh

The lawyer to the Chairman of the Honeywell Group, Oba Otudeko, charged with N12.3 billion fraud, on Monday appeared before a Federal High Court in Lagos in protest of the charge.

Mr Bode Olanipekun (SAN) told the court that he was protesting because the charge had not been served on Otudeko and two others charged along with him.

Olanipekun is the council to the three defendants.

The 13-count charge was preferred by the Economic and Financial Crimes Commission (EFCC) against Otudeko, a former Managing Director of First Bank Plc., Olabisi Onasanya; and a former board member of Honeywell, Soji Akintayo.

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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.

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