The Economic and Financial Crimes Commission, EFCC, has filed a 13-count criminal charge against the Chairman, Honeywell Group, Chief Oba Otudeko and a former Managing Director of First Bank, Olabisi Onasanya for allegedly obtaining the sum of N12.3bn from First Bank.
The duo are to be arraigned on Monday, Jan 20th before Justice Chukwujekwu 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 Jan. 16, 2025.
