Otudeko’s lawyer protest as court denies EFCC’s request for arrest warrant 

The EFCC had brought Otudeko and three others before the court over an allegation of false pretense in obtaining a loan amounting to N12 billion from First Bank of Nigeria (FBN), seeking a warrant of arrest.

However, Justice Chukwujekwu Aneke, presiding over the case, denied the EFCC’s request to issue an arrest warrant for Otudeko.

This is after counsel to Otudeko, Bode Olanipekun (SAN), protested in court, stating that the charge had not been served on Mr. Otudeko and others charged along with him.

During the session, the court addressed multiple motions, including the prosecutor’s request for a warrant of arrest, which the judge rejected due to the lack of formal service to the defendants. The judge granted an application for substituted service, and the case has been adjourned to February 13 for arraignment.

The EFCC alleges that Otudeko and the other defendants obtained a loan amounting to N12.3 billion from First Bank of Nigeria (FBN) under the guise of obtaining funds for various firms.

Announcing the adjournment date on its X handle, the EFCC stated, “Alleged N12.3bn Fraud: Court Fixes February 13, 2025, for Arraignment of Oba Otudeko, Three Others. Details later.” 

The 13-count charge was preferred by the EFCC against Otudeko, a former chairman of First Bank, Olabisi Onasanya, a former group managing director of FBN; Soji Akintayo, a former board member of Honeywell; and Anchorage Limited, a company associated with Otudeko.

Last weekend, there were reports that Otudeko had fled Nigeria via a land border, but his family later denied the report, saying Otudeko had travelled for medical reasons.