Business
Alleged N12.3bn fraud: Otudeko’s counsel protests in court
The counsel to the Chairman of the Honeywell Group, Oba Otudeko, on Monday protested at the Federal High Court, Lagos.
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned Otudeko, the former Group Managing Director of First Bank of Nigeria (FBN) Limited, Bisi Onasanya, and two others for alleged fraudulent withdrawal of N12.3 billion from the bank between 2013 and 2014.
READ ALSO: Dangote Refinery assures partners will sell petrol ₦970/litre despite price hike
The remaining defendants are a former board member of Honeywell, Soji Akintayo, and a company, Anchorage Leisure Limited.
The counsel, Mr. Bode Olanipekun (SAN), told the court the charge had not been served on Otudeko and two others charged along with him.
Olanipekun is the council to the three defendants.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: In Sokoto, classrooms overtaken by goats, reptiles, as insecurity, lack of teachers, govt inaction push children out of school
SHEHU MUHAMMAD SHEHU reports on how insecurity, government inaction and lack of qualified teachers has significantly forced up the number...
INVESTIGATION: Abia residents in pains, as contractor abandons erosion control project after collecting N185m
Fresh from fashion school in 2022, Onuka Kalu planned to convert one of his father’s two shops, where he formerly...
Trump halts $50m Gaza aid, cites ‘condoms in Gaza’ claim
In a sweeping move to reassess U.S. foreign aid spending, President Donald Trump has frozen a $50 million assistance package...
INVESTIGATION: In Zamfara, forgotten Health Center throws community into health crisis
In the late evening of Friday, September 14, 2024, shortly after the Maghrib prayer, Bashir Muhammad, a 34-year-old father of...
INVESTIGATION: Insufficient teachers, learning materials worsen education access in Kwara communities
Qudus, a Junior Secondary School (JSS 2) pupil, would sit the Basic Education Certificate Examination (BECE) in a year to...