Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, has ordered the Chairman of Honeywell Group, Oba Otudeko, to appear in court for arraignment over an alleged ₦12.3 billion fraud filed by the Economic and Financial Crimes Commission (EFCC).
Otudeko is to be arraigned alongside former First Bank Plc Managing Director, Olabisi Onasanya; former Honeywell board member, Soji Akintayo; and Anchorage Leisure Limited, on a 13-count charge bordering on obtaining by false pretence.
At the hearing on Monday, March 17, 2025, Otudeko’s counsel, Wole Olanipekun, SAN, informed the court that a meeting held on March 12, 2025, with the Office of the Attorney-General of the Federation (AGF) and the nominal complainant had yielded substantial progress. He requested an adjournment until after the next meeting scheduled for April 9, 2025.
EFCC counsel, Bilkisu Buhari, confirmed the development but urged the court to fix a date for arraignment or a settlement report. Justice Aneke ruled that the arraignment should proceed before hearing the preliminary objections, adjourning the matter to May 8, 2025, for a report on the settlement progress.
