• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Saturday, January 3, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

Alleged N12.3bn fraud: Oba Otudeko’s counsel protests in court

Nathaniel Irobi by Nathaniel Irobi
January 20, 2025
in News
0
Alleged fraud: Court admits oil magnate, Akintoye, to N500m bail
0
SHARES
8
VIEWS
FacebookTwitterWhatsappEmailTelegram
Counsel 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.

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.

RelatedPosts

Midnight Inferno Claims 6 Lives in Plateau

ADC releases timetable, guidelines for 2025/2026 congresses, convention

DWI Accuses EFCC of Political Bias, Warns Against Vendetta On Gov Mohammed

They were charged alongside a firm, Anchorage Leisure Ltd.

EFCC alleged in the charge marked FHC/L/20C/2025 that the defendants obtained the sum from First Bank under false pretences.

When the case was called on Monday, Mr Olumide Fusika (SAN), also announced appearance for Onasanya, and informed the court that he had a copy of the charge.

Mr Kehinde Ogunwumiju (SAN) appeared for Akintayo while Mr Adeogun Philips (SAN) announced appearance for the firm.

Philips also informed the court that his appearance was in protest, saying that his client was not served any charge.

Justice Chukwujekwu Aneke then asked all defence counsel if their clients had not been served the charge.

In response, Olanipekun submitted that, on Jan. 17, the media was agog with headlines indicating that the defendants were to be arraigned on Monday.

He described as unfair, giving out of such information when no charge had been formally served on them.

ALSO READ:  Sarah Nathaniel Snart Foundation Launches Girl Up Campaign On Menstrual Hygiene

Prosecution counsel, Mr Rotimi Oyedepo (SAN), told the court that unsuccessful efforts were made to effect service on the defendants.

Oyedepo said that prosecution had a motion for substituted service of the charge at the last known addresses of the defendants.

He moved the motion but the second defence counsel informed the court that he was willing to undertake service of the charge for his client.

Following a directive by the court, the prosecution counsel gave a copy of the charge to Fusika.

The court, consequently, adjourned the case until Feb. 13 for arraignment of the defendants.

According to EFCC, the defendants obtained the sum in tranches in 2013 and 2014 in Lagos State.

The anti-graft agency added that the defendants altered a document to deceive the bank.

The alleged offences contravene Section 8(a) of Advance Fee Fraud and Other Fraud Related Offences Act of 2006 and Section 15 (2), 15(3) and 18(c) of the Money Laundering (Prohibition) Act, 2011

They also contravene Section 3(6) of the Miscellanous Offences Act, 2004. (NAN)

Previous Post

Trump’s anti-immigration plans would be ‘disgrace’ – Pope Francis

Next Post

Court adjourns Dangote Refinery suit on import licences to January 30

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Midnight Inferno Claims 6 Lives in Plateau

Midnight Inferno Claims 6 Lives in Plateau

by Nathaniel Irobi
January 2, 2026
0

A midnight inferno occurred around the old Mangu market in the Mangu local government area of Plateau State. The fire...

ADC Demands Halt to N712bn Lagos Airport Renovation Plan

ADC releases timetable, guidelines for 2025/2026 congresses, convention

by Elanza
January 2, 2026
0

The African Democratic Congress has released a timetable and guidelines for its 2025/2026 congresses and national convention. The party announced...

EFCC Recovers ₦566 Billion, $411 Million, and 1,502 Assets Over Two Years - Olukoyede

DWI Accuses EFCC of Political Bias, Warns Against Vendetta On Gov Mohammed

by Elanza
January 2, 2026
0

The Democracy Watch Initiative (DWI), has condemned what it described as the misuse of the Economic and Financial Crimes Commission...

Next Post
Court adjourns Dangote Refinery suit on import licences to January 30

Court adjourns Dangote Refinery suit on import licences to January 30

Socialists Applaud Tinubu Administration’s Economic Policies and Development Initiatives

Socialists Applaud Tinubu Administration’s Economic Policies and Development Initiatives

Recommended

Chief. Dr. Bulus Maiyaki Pleads for Indigenous Vice-Chancellor as FUW Lecturers Pay Courtesy Visit

Chief. Dr. Bulus Maiyaki Pleads for Indigenous Vice-Chancellor as FUW Lecturers Pay Courtesy Visit

3 days ago
Combined Knowledge, Experiences Of States Talented Citizens Needed For Government To Succeed – SAF

Combined Knowledge, Experiences Of States Talented Citizens Needed For Government To Succeed – SAF

1 day ago

Popular News

  • Danji Shiddi’s Political Profile Rises as Taraba Faces Governance Debates Ahead of 2027

    Danji Shiddi’s Political Profile Rises as Taraba Faces Governance Debates Ahead of 2027

    0 shares
    Share 0 Tweet 0
  • Court Ruling Applies Only To FCT Traffic Agency, Says CDCROF

    0 shares
    Share 0 Tweet 0
  • Gunmen Strikes Lere Local Gov’t Of Kaduna, Four Feared Dead

    0 shares
    Share 0 Tweet 0
  • VON’s Bonuola-Ozurumba Shines in WIN’s Global Leadership Accelerator

    0 shares
    Share 0 Tweet 0
  • DRTS Jabi Officers Hail Yeldu’s Appointment

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (808)
  • Education (243)
  • Entertainment (335)
  • Health (225)
  • National (2,914)
  • News (9,401)
  • Opinion (374)
  • Politics (1,853)
  • Science (15)
  • Security (411)
  • Sports (565)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform