Otudeko’s Lawyer Challenges Alleged N12.3bn Fraud in Court

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In a protest of the N12.3 billion fraud accusation, Oba Otudeko, the chairman of the Honeywell Group and his attorney, appeared before a Federal High Court in Lagos on Monday.

Mr. Bode Olanipekun (SAN) informed the court that he was protesting because Otudeko had not received the charge, and two other people were also charged.

The three defendants’ council is Olanipekun.

The Economic and Financial Crimes Commission (EFCC) filed the 13-count indictment against Otudeko, Olabisi Onasanya, a former managing director of First Bank Plc, and Soji Akintayo, a former board member of Honeywell.

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Alongside them was a company called Anchorage Leisure Ltd.

The accused allegedly received the amount through deceptive means, according to the EFCC.

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