(JUST IN) ALLEGED N12.3BN FRAUD: OTUDEKO’S COUNSEL PROTESTS IN COURT

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Oba Otudeko, the chairman of the Honeywell Group, and his attorney protested the N12.3 billion fraud charge on Monday by appearing before a Federal High Court in Lagos.

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’ counsel is Olanipekun.

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

Alongside them was a company called Anchorage Leisure Ltd.

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

Details later…

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