EFCC to arraign Otudeko, ex-First Bank MD Onasanya Monday over N12.3bn fraud

The 13-count charge, which EFCC’s lawyer Bilikisu Buhari filed on January 16, also alleged that the defendants made and forged documents to deceive the bank.

Otudeko, Onasanya, Akintayo, and Anchorage are to be arraigned before Justice Chukwujekwu Aneke.

One of the charges reads: “That you, Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo, and Anchorage Leisure Limited on or about December 11, 2013 in Lagos procured Honeywell Flour Mills Plc to retain N1.5 billion, which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: obtaining by false pretense, 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.

EFCC to arraign Otudeko, ex-First Bank MD Onasanya Monday over N12.3bn fraud