Alleged N30bn fraud: Otudeko to know fate March 17 | EFCC demands ex-chairman&#;s presence in court
A federal high court sitting in Lagos will on March 17 deliver its ruling on the various applications challenging its jurisdiction in the charge filed against Oba Otudeko, the former chairman of First Bank Nigeria (FBN).
The Economic and Financial Crimes Commission (EFCC) had fileda count charge against Otudeko and three others over an alleged N30 billion loan fraud.
Charged along with him are Olabisi Onasanya, former managing director of First Bank, Soji Akintayo, former Honeywell board member, and Anchorage Leisure Ltd in a case marked FHC/L/20C/
In court on Thursday, Justice Chukwujekwu Aneke heard the arguments of the defence counsel challenging the jurisdiction of the court.
He also listened to the counter arguments of the EFCC counsel, who also asked that Otudeko should present himself in court at the next hearing.
Olanipekun, counsel to Otudeko, said his client already filed an application dated January 28, to explain why he was not in the country.
He said Otudeko had left for the UK for medical treatment on January 16, before the charge was filed.
Other defen
How Bisi Onasanya Became Very Big In Real Estate
•The Story Of His Company The Address Homes Ltd
6 years after retiring from First Bank, as Group Managing Director, Mr. Bisi Onasanya today runs one of the leading Real Estate Company in Nigeria called The Address Homes Ltd.
If the list of successful real estate players is to be drawn up today in Nigeria, the name of Bisi Onasanya will top the list. This is because he plays BIG in Real Estate. He controls a large chunk of the real estate portfolio on the Island.
He owns The Address Homes Ltd. a leading real estate company engaged in the acquisition, development and management of luxurious contemporary homes across Nigeria. Address Homes is one of the leading real estate developers in Ikoyi/Banana axis.
The Address Homes is one company that has changed the face of Real Estate development in Nigeria by delivering homes that combine high class contemporary architectural design with high level finishes.
Its Homes are highly diversified with respect to design and styles. From inception, The Address Homes has made it its policy to build the best homes at the most economical prices throughout Nigeria, thus delivering optim
Chartered Accountant
Bisi Onasanya
Professional Banker and Enterprenuer
One of the most prominent men in corporate Nigeria, reputed as a seasoned banker and chartered accountant.
Onasanya is a highly respected and personable executive.
About Bisi
- Name: Bisi Onasanya
- Birthday: 18th August
- Address: Lagos, Nigeria
- Nationality: Nigerian
- Website:
- Email: mail@
- Father
- Financial Executive
- Leadership Coach
- Econonic Advisor
- Accounting Professional
- Business Enterprenuer
Background
Born in Ibadan, the Oyo State capital, Mr. Onasanya hails from the Onasanya Family in Ijebu Land, Ogun State. Bisi grew up in Lagos, Nigeria’s commercial capital, where he attended St Paul’s Anglican Primary School (Mushin), Eko Boys High School (Mushin), and the then Lagos State College of Science and Technology. Bisi is the eldest of four children from his mother, and the third of his father’s children. Olabisi “Bisi” Stephen Onasanya, (born August 18, ) is a former Group Managing Director and Chief Executive Officer of First Bank of Nigeria Limited. He was before this appointment the Managing Director/Chief Executive Officer of First Pension Custodian, and bega
EFCC files charges against Otudeko for ‘obtaining over N30bn loan under false pretence’
The Economic and Financial Crimes Commission (EFCC) has filed a count charge against Oba Otudeko, a former chairman of First Bank Nigeria (FBN), and three others over alleged fraud.
The three other defendants are Stephen Olabisi Onasanya, a former group managing director of FBN; Soji Akintayo, an ex-board member of Honeywell Flour Mills plc; and Anchorage Limited, a company linked to Otudeko.
The anti-graft agency filed the charges at the federal high court in Lagos on Thursday.
The EFCC said the defendants will be arraigned on Monday.
In the charge sheet seen by TheCable, the EFCC accused Otudeko and the other defendants of obtaining tranches of loans—N billion, N billion, N billion, N billion, and N billion—from First Bank under the pretence that the funds were obtained by some firms.
The anti-graft agency said the credit facilities were obtained between and
“That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO AND ANCHORAGE LEISURE LIMITED between and in Lagos, within the jurisdiction of this Honourable Court conspired amongst yourselves to obtain the sum of N12
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