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EFCC to Arraign Oba Otudeko, Onasanya, Others for Alleged N12.3bn Fraud

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The Economic and Financial Crimes Commission (EFCC) has filed a 13-count criminal charge against the Chairman, Honeywell Group, Oba Otudeko and a former Managing Director of First Bank, Olabisi Onasanya for allegedly obtaining the sum of N12.3billion from First Bank.

They are to be arraigned on Monday, January 20, 2025, before Justice Chukwuejekwu Aneke of the Federal High Court, Lagos.

They will be arraigned alongside, a former member of the board of directors of Honeywell Flour Mills Plc, Soji Akintayo and a company linked to Otudeko, named Anchorage Leisure Ltd.

All four were listed as defendants in the suit filed by an EFCC prosecutor, Bilkisu Buhari-Bala on January 16, 2025.

According to the EFCC, the four committed the fraud in tranches of N5.2billion, N6.2billion, N6.150billion, N1.5billion and N500million, between 2013 and 2014 in Lagos.

In proof of the charge against the defendants, the EFCC intends to call representatives of First Bank including Cecelia Majekodunmi, Ola Michael Aderogba, Abiodun Olatunji, Raymond Eze, Abiodun Odunbola and Adeeyo David all of whom are expected to give evidence of the fraudulent misrepresentation of the Defendants and tender relevant documents.

The EFCC will also rely on the testimonies of representatives of Central Bank of Nigeria, representatives of Stallion Nigeria Limited and representatives of V-tech Dynamics Ltd.

Also included in the EFCC’s list of witnesses are one Farida Abubakar and Adaeze Nwakoby.

According to the Commission, the offences contravene Section 8(a) of Advance Fee Fraud and Other Fraud Related Offences Act 2006 and were punishable under Section 1 (3) of the same Act.

Count 1 of the charge says that Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited between 2013 and 2014 in Lagos, within the jurisdiction of this Honourable Court conspired amongst  yourselves to obtain the sum of N12,300,000,000.00 (Twelve Billion, Three Hundred Million Naira Only),from First Bank Limited on the pretence that the said sum represented credit facilities applied * for by V- Tech Dynamic Links Limited and Stallion Nigeria Limited, which representation you know to be false, and you thereby committed an offence contrary to Section 8(a) of Advance Fee Fraud and other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.

In Count 2, it was alleged that the defendants, on or about 26th day of November, 2013 in Lagos, “obtained the sum of N5.2 Billion from First Bank Limited on the pretence that the said sum represented credit facilities applied for by V Tech Dynamic Links Limited which representation you know to be false.”

The 3rd count claims that the defendants, between 2013 and 2014 in Lagos, obtained N6.2 Billion from First Bank Limited on the pretence that the said sum represented credit facilities applied for and disbursed to Stallion Nigeria Limited, which representation you know to be false.”

County 4 reads, that you, Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited on or about 26th day of November 2013 in Lagos, within the jurisdiction of this Honourable Court conspired amongst yourselves to use the total sum of N6,150,000,000,.00 (Six Billion, One Hundred and Fifty Million Naira Only.), which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretence and you thereby committed an offence contrary to Sections 18(a), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

Count 5 accuses Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited on or about 11th day of December, 2013 in Lagos, procured Honeywell Flour Mills Plc to retain the sum of N1.5 billion, which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretence and you thereby committed an offence contrary to Section 18(c), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

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Ex-CJN Tanko Mohammed is Dead

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A former Chief Justice of Nigeria (CJN), Justice Ibrahim Tanko Muhammad (retd.), is dead. He was aged 71

The former CJN reportedly died at a hospital in Saudi Arabia, about two weeks before his 72nd birthday on December 31.

Muhammad’s death was confirmed in a condolence statement on Tuesday in Abuja by the Nigerian Association of Muslim Law Students (NAMLAS).

In the statement titled “NAMLAS Condolence Message on the Passing of Hon. Justice Ibrahim Tanko Muhammad, GCON, Former Chief Justice of Nigeria,” the association described his passing as a significant loss for the country.

“Indeed, to Allah we belong, and to Him we shall return.

“The Nigeria Association of Muslim Law Students (NAMLAS), National Headquarters, Abuja, receives with profound sorrow the news of the passing of Honourable Justice Ibrahim Tanko Muhammad, GCON, former Chief Justice of Nigeria. His demise is a monumental loss to the Nigerian judiciary, the legal profession, the Muslim Ummah, and the nation at large,” NAMLAS said.

The association hailed Justice Muhammad as “a towering figure of integrity, humility, and unwavering commitment to justice.”

According to NAMLAS, throughout his judicial career, Muhammad “exemplified the highest ideals of the Bench—fairness, courage, and fidelity to the rule of law.”

“As Chief Justice of Nigeria, he discharged his responsibilities with wisdom and restraint, leaving behind a legacy of service that will continue to guide generations of legal practitioners,” the statement added.

Beyond his role on the Bench, the association noted the late jurist’s mentorship of young Muslim law students across the country.

“To NAMLAS, the late Chief Justice was more than a jurist; he was a fatherly pillar and a source of encouragement to Muslim law students across the country,” it said.

The association also highlighted that the deceased’s “support, moral guidance, and openness to the aspirations of young Muslim legal minds reflected his deep belief in mentorship, continuity, and the nurturing of future custodians of justice.”

It extended condolences to his family, the Nigerian judiciary, and the nation.

“We extend our heartfelt condolences to his family, the Nigerian Judiciary, the Government and people of Nigeria, and the entire Muslim Ummah”.

The association offered prayers for the repose of his soul, asking that Allah forgive his shortcomings, accept his good deeds, and grant him “the highest abode in Jannatul Firdaus.”

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Gowon is Not Dead, in Good Health, Aide Debunks Death Rumour

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Adeyeye Ajayi, Personal Assistant to former military Head of State, General Yakubu Gowon (rtd), has dismissed recent rumours on social media purporting the death of the ex-leader.

Ajayi described the rumour as false and misleading.

In a statement released on Sunday, Ajayi called on the public to disregard the reports, emphasizing that they are baseless and misleading. He stressed that the rumours only serve to create unnecessary panic and confusion among Nigerians.

He assured that General Gowon is in good health and continues to live an active life. He highlighted that the former Head of State has been attending public functions and engaging with various social and national initiatives.

Ajayi further described General Gowon as a continued voice of reason in Nigeria, noting his ongoing contributions to national dialogue and development.

He urged Nigerians to focus on credible news sources, and exercise caution before sharing unverified information online.

Social media platforms in recent days have seen multiple posts claiming that the 90-year-old ex-leader had passed away. Analysts and observers have warned that such false reports can cause unnecessary anxiety and undermine public trust in information.

Ajayi concluded by urging the public to celebrate the legacy and life of General Gowon while dismissing any unverified reports about his health. He reiterated that the former head of state remains active, healthy, and committed to supporting initiatives for Nigeria’s growth and progress.

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Accord Party Reaffirms Adeleke As Osun Guber Candidate

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The Chairman of Accord Party in Osun State, Pastor Babalola Akande, says the only legally recognised candidate of the party for the 2026 governorship election in the is Governor Ademola Adeleke.

Akande made the clarification against the backdrop of primaries conducted on Sunday by another faction of the Accord Party in Osogbo.

He described the primaries conducted by the factional Accord Party as an unlawful political charade, orchestrated by the opposition.

“Let it be stated clearly, categorically, and without equivocation that all the actors being named in the fictitious primary, are not members of our party.

“Some of them were expelled from the party since 2018 for alleged fraud and other acts inimical to the unity, discipline, and progress of the party.

“Such a character or any other in his shoes, therefore, possess no authority whatsoever; moral, political, or legal, to convene, announce, or participate in any activity conducted in the name of the Accord Party,” he said.

He said the party is not disturbed by crude impersonation and political mischief, stating that the public should, however, know the impersonators are affiliates of the opposition, acting as proxies to undermine the popularity of Adeleke.

“Let me state with absolute finality that Adeleke is the duly nominated and lawful governorship candidate of the Accord in Osun.

“This position is incontestable, irreversible, and firmly grounded in law, haven emerged through due process in accordance with the Constitution of the Accord, the Electoral Act 2022, and established judicial precedents.

“For the avoidance of doubt, the Accord hereby issues a formal and stern warning to all concerned.

“Under the Electoral Act 2022, only recognised political parties acting through their duly constituted organs can lawfully conduct congresses or primary elections, after giving proper notice to the Independent National Electoral Commission (INEC).

“Any primary conducted outside this framework is illegal, null, void, and of no legal consequence whatsoever,” he said.

He said any individual parading himself as a candidate of the Accord without lawful nomination would be committing a clear act of impersonation and electoral fraud, which is actionable both under the Electoral Act 2022 and relevant provisions of the Criminal Code and Penal laws of the Federal Republic of Nigeria.

He said that Adeleke remained the sole and legally recognised governorship candidate of the Accord in Osun, noting that “no parallel structure, impersonator, and contrived spectacle can alter legal reality”.

He urged residents to ignore the distractions, which he said, were the handiwork of politically displaced actors.

A factional Accord Party in Osun, on Sunday, announced Mr. Clement Bamigbola as its 2026 governorship candidate.

NAN

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