N12.3bn fraud: Otudeko, others seek out-of-court settlement

N12.3bn fraud: Otudeko, others seek out-of-court settlement

Justice Chukwujekwu Aneke of the Federal High Court in Lagos on Monday adjourned till May 8, 2025, for a report of settlement in an alleged N12.3bn fraud case against the Chairman of the Honeywell Group, Oba Otudeko, and three others. The court fixed the date following an agreement by all parties to allow the Attorney

Court Orders Oba Otudeko to Appear for Arraignment for Alleged N12.3bn Fraud

Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Monday, March 17, 2025, ordered  Chairman of Honeywell Group,   Oba Otudeko to appear in court for his arraignment over an alleged N12.3bn fraud brought against him by the Economic and Financial Crimes Commission , EFCC. Otudeko was to be arraigned alongside a former Managing Director of First Bank Plc, Olabisi Onasanya; a former board member of Honeywell, Soji Akint…

Honeywell’s Oba Otudeko Faces N12.3B Fraud Scandal—Will He Buy His Way Out?

Oba Otudeko, Chairman of Honeywell Group, is at the center of a high-profile N12.3 billion fraud case that has captivated… Read More: Honeywell’s Oba Otudeko Faces N12.3B Fraud Scandal—Will He Buy His Way Out?

N12.3bn Loan: Court Orders Otudeko Arraignment, Adjourns till May 8

By Modupe Gbadeyanka The chairman of Honeywell Group, Mr Oba Otudeko, has been ordered to appear before a Federal High Court sitting in Lagos at the next adjourned date, May 8, 2025. Mr Otudeko is expected answer questions raised by the Economic and Financial Crimes Commission (EFCC) over a loan controversy involving N12.3 billion, believed […]

Alleged Fraud: Court Adjourns Otudeko’s Case For Settlement Talks With EFCC, Others – Independent Newspaper Nigeria

LAGOS – The Federal High Court in Lagos has adjourned the case filed by the Economic and Financial Crimes Com­mission (EFCC) against Oba Otudeko, former chairman of First Bank of Nigeria (FBN), and three others to May 8, 2025, for a report on settlement. The court presided by Justice Chukwujekwu Aneke adjourned the case following […]

Alleged N12.3b fraud: Court adjourns as Otudeko, Onasanya, others explore settlement option - Worldstage

WorldStage Newsonline– A Federal High Court in Lagos on Monday adjourned a N12.3 billion case against the Chairman of Honeywell Group, Oba Otudeko, and others until May 8 for a report on settlement. Justice Chukwujekwu Aneke granted the adjournment after the first defence counsel, Chief Wole Olanipekun, (SAN), informed the court that the parties were exploring a settlement. He stated that a meeting involving all counsel had been convened at the …