From Our Correspondent
The scheduled arraignment of Oba Otudeko, Chairman of Honeywell Group, and three others over an alleged N12.3 billion fraud was postponed on Monday due to their absence in court.
Legal representatives for the defendants protested the proceedings, arguing that their clients had not been formally served with the charges.
The Economic and Financial Crimes Commission (EFCC) has brought a 13-count charge against Otudeko, former First Bank Managing Director Stephen Onasanya, ex-Honeywell board member Soji Akintayo, and Anchorage Leisure Ltd.
The EFCC alleges that the accused obtained N12.3 billion from First Bank under false pretenses between 2013 and 2014.
The court has now set February 13, 2025, as the new date for their arraignment.
