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Alleged N12.3b fraud: EFCC to arraign Chairman of Honeywell Group, Otudeko, ex-First Bank MD, Onasanya

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EFCC arrests Edo Accountant General, others days to Obaseki’s handover
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The Economic and Financial Crimes Commission will on Monday arraign the Chairman, Honeywell Group, Chief Oba Otudeko, over alleged N12.3bn fraud.

The suit also names a former Managing Director of First Bank, Olabisi Onasanya; an ex-Honeywell board member, Soji Akintayo and Anchorage Leisure Ltd as defendants.

In a suit marked: FHC/L/20C/2025, the anti-graft agency filed 13 charges against the defendants at the Federal High Court in Lagos, bordering on fraud and forgery among others.

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.

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

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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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Kogi bans Okada, night travels on state roads after 7 p.m.

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Kogi Governor, Usman Ododo
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The Kogi State Government, on Saturday, announced a ban on night travels on all State roads after 7 p.m. as part of immediate security measures to further protect lives and property.

A statement by the State Information and Communications Commissioner, Kingsley Fanwo, said the measures were also aimed at cutting off logistics and supply routes to criminal elements currently under sustained military and security pressure in parts of Kabba/Bunu Local Government Area.

The statement made public in Lokoja reads, “Following a comprehensive review of ongoing security operations in Bunu District after the recent terrorist attack on Iluke community which was successfully repelled, intelligence and operational reports indicate that significant progress has been made by Joint Security Forces. Several of the attackers have been confirmed neutralised, while many others sustained varying degrees of injuries and are currently trapped within forested areas across the district as security clearance operations continue.

” To consolidate these gains and deny the criminals access to food, water, medication, fuel and other essential supplies, the Kogi State Government has approved the immediate ban on the use of commercial motorcycles, popularly known as Okada, within designated hinterland corridors of Bunu District.

” The affected areas include the corridor stretching from Idoyi Bunu through Illah Bunu, Iluke Bunu and Kiri, as well as the route from Iluke Bunu through Odai Bunu, Igbo Bunu, Ilogun Bunu, Olle Bunu, Ayede Bunu, Oke-Ofin Bunu and Edumo Bunu. The restrictions shall also apply to the Ayede Bunu, Aherin, Eshi and Ighun Bunu corridor and all other routes within the Bunu hinterlands.

“Intelligence available to security agencies has revealed that motorcycle operators constitute a major channel through which food items, water, drugs and other logistics are transported to bandits hiding within the forests. Investigations have also established that some criminal elements utilise motorcycle transportation to conduct reconnaissance and gather intelligence on targeted communities before launching attacks.

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“Consequently, any motorcycle rider found transporting passengers, goods or supplies along the designated routes shall be apprehended and dealt with in accordance with the provisions of the Kogi State Anti-Terrorism Law.

” The Motorcycle Operators Association of Nigeria (MOAN) is hereby directed to immediately sensitise all its members on this directive, which takes effect from today, Saturday, June 13, 2026.

” In addition, all markets located along the affected corridors shall remain closed until further notice. Mobile medicine vendors and distributors are also directed to suspend the transportation and sale of drugs on motorcycles within the affected areas for the duration of the operation.

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Gunmen abduct Ondo community leader, wife shot

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SIT-AT-HOME: Five feared killed as gunmen  attack two Anambra communities
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The Ondo State Police Command has launched a coordinated search-and-rescue operation following the abduction of a community leader, Mr. Adeniyi Adelana, the Baale of Ode Oriya Village in Owo Local Government Area of the state.

The Command’s spokesperson, DSP Abayomi Jimoh, confirmed the incident, noting that a full-scale manhunt had been activated to ensure the safe rescue of the victim and the arrest of those responsible.

Preliminary reports indicate that at about 8:05 p.m., a group of about six armed men stormed the residence of the 60-year-old community leader under the cover of darkness.

The attackers reportedly invaded the compound and forcefully whisked him away through a nearby bush path to an unknown destination.

During the attack, the victim’s wife sustained a gunshot injury to her right hand. She was promptly rescued and taken to a medical facility, where she is currently receiving treatment and responding positively.

The police statement reads in full:
“The Ondo State Police Command, under the leadership of the Commissioner of Police, CP Felix Oladipo Ohagwu, psc, mnips, mspsp, has launched a coordinated rescue operation following the abduction of a community leader by suspected kidnappers in Ode Oriya Village, Owo Local Government Area of the State.

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“Preliminary reports indicate that at about 8:05 p.m. on the reported date, a group of approximately six armed men stormed the residence of Mr. Adeniyi Adelana, aged 60, the Baale of Ode Oriya Village. The assailants reportedly invaded the premises under the cover of darkness and forcefully whisked the victim away through a nearby bush path to an unknown destination.

“Upon receipt of the distress report, the Divisional Police Officer (DPO), B Division, Owo, immediately mobilized a combined team of police operatives and other security personnel to the scene. The area was swiftly secured and a preliminary assessment of the crime scene conducted as part of ongoing investigative efforts.

“In the course of the attack, the victim’s wife sustained a gunshot injury to her right hand. She was promptly rescued and taken to a nearby medical facility, where she is currently receiving treatment and responding positively to medical care.

“A comprehensive search-and-rescue operation was immediately activated, with security operatives combing nearby forests, bush paths and suspected escape routes in a determined effort to track the movement of the kidnappers, secure the victim’s safe release and bring the perpetrators to justice. Tactical deployments have also been strengthened across the area and adjoining communities to enhance operational effectiveness.

“The Commissioner of Police has directed all tactical units, intelligence assets and operational teams of the Command to intensify efforts toward the swift rescue of the victim and the apprehension of those responsible for the criminal act. The Command remains resolute in its commitment to ensuring that the victim is reunited safely with his family while all those involved face the full weight of the law.

“The Ondo State Police Command urges members of the public to remain calm and continue their lawful activities without fear. Residents are encouraged to cooperate with security agencies by providing credible and timely information that may aid ongoing operations. Any suspicious movements or activities should be promptly reported to the nearest police station or through established emergency channels.

“The Command reassures residents of its unwavering commitment to the protection of lives and property and reiterates its determination to rid the State of criminal elements. Efforts are being intensified across all fronts to combat kidnapping and other violent crimes, while ensuring the safety and security of all residents of Ondo State.

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Boko Haram/ISWAP terrorists set Chibok schools ablaze

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Flames rise from Kautikari Primary School and Government Day Secondary School following an attack by suspected Boko Haram insurgents on Saturday
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Suspected members of Boko Haram/ISWAP terrorists on Saturday invaded Kautikari village of the Chibok Local Government Area in Borno State, setting primary and day secondary schools ablaze.

Recall that the village has recorded a series of deadly Boko Haram attacks in recent times.

Sources told our correspondent that the incident, which erupted at about 7 p.m. on Saturday, forced residents to flee the community into the bush for safety.

A security personnel, who hail from Kautikari but based in Maiduguri, confirmed the fresh attack.

However, he said, details of casualties are yet to be ascertained.

“Yes, I can confirm to you that our village (Kautikari) in the Chibok Local Government Area is under Boko Haram attack.

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“Our people are scampering for safety, even as two schools (primary and day secondary school) are on fire,” he said.

Efforts to get confirmation from the police public relations officer, ASP Keneth Daso, proved abortive at press time. (Vanguard)

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