Alleged N12.3bn Fraud: Otudeko’s Counsel Protests In Court

The legal representative of Oba Otudeko, the Chairman of the Honeywell Group, appeared before a Federal High Court in Lagos state on Monday, January 20, in protest of the  N12.3 billion fraud charge levelled against his client.

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.

They were charged alongside a firm, Anchorage Leisure Ltd.

EFCC alleged that the defendants obtained the sum under false pretences.

Details later…