Connect with us

News

Judge Orders Otudeko To Appear In Court For Alleged N30bn Fraud Trial

Published

on

Justice Chukwujekwu Aneke of the federal high court in Lagos has ordered Oba Otudeko to take a plea in the charges filed against him.

The Economic and Financial Crimes Commission (EFCC) had filed a 13-count charge against Otudeko and three others over an alleged N30 billion loan fraud.

At the hearing of the matter on Monday, the judge said Otudeko must be arraigned before an application challenging the court’s jurisdiction on the case can be decided.

“Whatsoever filed by defendant or defendants in a criminal charge can be taken before plea,” he said.

“This court is also bound by the cited decisions. So I agree with the prosecution that based on the current state of the law, no application by the defendant in the criminal matter can be taken or determined by the court before arraignment.”

The judge subsequently adjourned the case to May 8.

THE CHARGES

In August 2024, Adesuwa Ezenwa, a former relationship manager at First Bank, told the national industrial court that loans worth billions of naira were transferred to companies related to Otudeko even though they were granted in the name of other firms.

The EFCC would later charge Otudeko and the other defendants for alleged fraud in January 2025.

The three other defendants in the matter 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.

They were accused of obtaining tranches of loans—N12.3 billion, N5.2 billion, N6.2 billion, N6.1 billion, and N1.5 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 2013 and 2014.

The EFCC said there will be 12 witnesses for the trial.

The witnesses include three EFCC investigators and representatives of First Bank, Central Bank of Nigeria (CBN), Stallion Nigeria, and V-tech Dynamics Limited.

News

Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju

Published

on

By

Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.

Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.

He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.

“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.

“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?

“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.

“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.

Continue Reading

News

Terror Surge: Tinubu Demands Results from Security Chiefs

Published

on

By

President Bola Tinubu met with security chiefs, including Tunji Disu, the inspector-general of police (IGP) in a closed-door session on Thursday to address a series of “rising terror attacks” across the country.

The meeting followed an escalation in violence, including recent deadly raids in Benue, Plateau, and Borno states.

The nearly two-hour meeting, held at the State House in Abuja, began in the afternoon after the security chiefs arrived discreetly and ended around 5:10 p.m.

Those in attendance included Christopher Musa, minister of defence; Nuhu Ribadu, national security adviser (NSA); Adeola Ajayi, the director-general of the Department of State Services (DSS); and Olufemi Oluyede, chief of defence staff (CDS).

Others were Waidi Shaibu, the chief of army staff; Kelvin Aneke, chief of air staff; and Idi Abbas, chief of naval staff.

As of the time of filing this report, details of the meeting had yet to be issued by the presidency.

However, there are indications that the sit-down may centre around the rising terror attacks and intensified assaults on military outposts across Nigeria, particularly in the north-east, which culminated in the recent killing of several high-ranking officers.

On Monday, a commanding officer of the Nigerian Army was killed following an attack by suspected fighters of the Islamic State West Africa Province (ISWAP) on a military base in Kukawa, Borno state.

The attack came about a week after suspected Boko Haram and ISWAP fighters attempted to attack military positions in Ngoshe, Gwoza LGA of Borno.

On Tuesday, Nigerian troops repelled an early-morning attack by suspected ISWAP fighters on a military base in Doron Baga, Kukawa LGA of the state.

Speaking during an interfaith breaking of the fast with members of the Nigerian Armed Forces at the presidential villa in Abuja last Friday, Tinubu said the country would “ultimately prevail against all forms” of insecurity.

The president said the efforts of the security forces had continued to weaken terrorist groups and bandits operating in different parts of the country.

He assured the armed forces of continued investment in modern equipment, intelligence, and logistics to strengthen their operational effectiveness.

 

Continue Reading

News

2027 Shakeup: 12 Lawmakers Defect To APC, ADC

Published

on

By

In a major political shake-up on Thursday,12 members of the House of Representatives formally defected from their various political parties to the All Progressives Congress (APC) and the African Democratic Congress (ADC).

The Deputy Speaker, Benjamin Kalu, announced the defections during a plenary session, citing internal party crises and leadership disputes as the primary reasons for the lawmakers’ exit.

Of the 12 lawmakers who defected, six left the Peoples Democratic Party for the APC. Five members abandoned the Labour Party and the PDP for the ADC, while one member moved from the Young Progressives Party to the ADC.

The development has heightened concerns about growing instability within political parties ahead of the 2027 general elections.

Those who defected from the PDP to the APC are James Barka (Adamawa), Kwamoti Bitrus Laori (Adamawa), Zakaria Nyampa (Adamawa), Kobis Thimnu (Adamawa), Midala Balami (Borno), and Mohammed Bargaja (Sokoto).

Lawmakers who defected to the ADC include Afam Victor Ogene (Anambra), Peter Aniekwe (Anambra), Lilian Orogbu (Anambra), Jessey Onakalusi (Lagos), and Murphy Osaro Omoruyi (Edo).

The Deputy Speaker of the House, Benjamin Kalu, who presided over plenary, disclosed that some other members had also written to the leadership of the House notifying it of their intention to leave their current parties.

He, however, said the letters and the destination parties of the lawmakers would not be disclosed in their absence.

While announcing the names of the defectors, Kalu said the reasons given by the lawmakers were similar to those previously cited by others who had defected. He added that the House would not read the letters during the session in order to save time.

According to him, the letters would only be read when the concerned lawmakers are present on the floor of the House.

During Wednesday’s plenary, Garba Inuwa and Abdullahi El-Rasheed from Gombe, as well as Mohammed Audu (Taraba) and Joshua Obika (FCT), defected to the APC, while Adewale Adebayo (Osun) left the PDP for the Accord Party.

 

Continue Reading

Trending