Honeywell Group Chairman, Oba Otudeko, Faces N12.3 Billion Fraud Charge

Babatunji Wusu –

• Court Appearance: Oba Otudeko, Chairman of Honeywell Group, appeared before the Federal High Court in Lagos to protest the fraud charges against him.
• Legal Protest: His counsel, Bode Olanipekun (SAN), argued that the charge had not been formally served on Otudeko or the other two co-defendants.
• Fraud Allegations: Otudeko, former FirstBank MD Olabisi Onasanya, and former Honeywell board member Soji Akintayo, along with Anchorage Leisure Ltd., face a 13-count charge of fraud filed by the EFCC.
• Accusations: The EFCC alleges that the defendants obtained N12.3 billion under false pretenses.

Oba Otudeko, the Chairman of Honeywell Group, appeared before the Federal High Court in Lagos on Monday to protest the fraud charge filed against him. His legal counsel, Bode Olanipekun (SAN), stated that the charge had not been served on Otudeko or the two other co-defendants, Olabisi Onasanya and Soji Akintayo.

The Economic and Financial Crimes Commission (EFCC) filed a 13-count charge against the defendants, including the firm Anchorage Leisure Ltd., alleging that they obtained N12.3 billion through fraudulent means. The case is ongoing, with further details expected.