OTUDEKO Archives - The Glitters Online https://theglittersonline.com.ng/tag/otudeko/ A voice for the people Thu, 17 Jul 2025 17:26:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 119911796 Otudeko Exits First Holdco In N323bn Block Deal https://theglittersonline.com.ng/otudeko-10/ Thu, 17 Jul 2025 17:26:14 +0000 https://theglittersonline.com.ng/?p=334089 Otudeko Exits First Holdco In N323bn Block Deal   A key shareholder in Nigeria’s oldest banking group, First Bank Holding Company Plc (First Holdco), Oba Otudeko, has exited the group following a N323.33bn block deal on the Nigerian Exchange Limited. The transaction saw 10.43bn ordinary shares of First Holdco traded in 17 off-market, negotiated deals […]

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]]> 334089 Loan Controversy: Court Adjourns Otudeko, Others’ Case To June 11 https://theglittersonline.com.ng/otudeko-9/ Thu, 08 May 2025 19:12:26 +0000 https://theglittersonline.com.ng/?p=328253 Loan Controversy: Court Adjourns Otudeko, Others’ Case To June 11 A Federal High Court sitting in Lagos has adjourned the N12.3 billion loan controversy case involving the Chairman of Honeywell Group, Oba Otudeko, and three others, to June 11, 2025. Justice Chukwujekwu Aneke postponed the case to allow time for either a peaceful settlement or […]

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]]> 328253 Alleged N12.3bn Fraud: Otudeko, Others Opt For Out-of-court Settlement https://theglittersonline.com.ng/otudeko-8/ Mon, 17 Mar 2025 19:02:48 +0000 https://theglittersonline.com.ng/?p=324227 Alleged N12.3bn Fraud: Otudeko, Others Opt For Out-of-court Settlement   Justice Chukwujekwu Aneke of the Federal High Court in Lagos on Monday adjourned till May 8, 2025, for a report of settlement in an alleged N12.3bn fraud case against Chairman of the Honeywell Group, Oba Otudeko, and three others. The court fixed the date following […]

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]]> 324227 Court Orders Oba Otudeko To Appear For ‘N30bn Fraud’ Trial https://theglittersonline.com.ng/otudeko-7/ Mon, 17 Mar 2025 12:35:28 +0000 https://theglittersonline.com.ng/?p=324206 Court Orders Oba Otudeko To Appear For ‘N30bn Fraud’ Trial   The Federal High Court sitting in Lagos has ordered Oba Otudeko to take a plea in the charges filed against him by the Economic and Financial Crimes Commission. The order was given by Justice Chukwujekwu Aneke on Monday. Recall that EFCC had filed a 13-count charge […]

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]]> 324206 Alleged N12.3b Fraud: Otudeko To Know Fate On Application Challenging Jurisdiction Of Court, March 17 https://theglittersonline.com.ng/otudeko-6/ Thu, 13 Feb 2025 18:31:41 +0000 https://theglittersonline.com.ng/?p=321553 Alleged N12.3b Fraud: Otudeko To Know Fate On Application Challenging Jurisdiction Of Court, March 17 Justice Chukwujekwu Aneke of the Federal High Court, sitting in Ikoyi, Lagos, on Thursday, February 13, 2025 adjourned till March 17, 2025 for ruling on the application filed by Oba Otudeko, Chairman of Honeywell Group, challenging the jurisdiction of the court to entertain the multiple fraud charges […]

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]]> 321553 Alleged N12.3bn Fraud:  Court Fixes Feb. 13 For Arraignment Of Oba Otudeko, 3 Others https://theglittersonline.com.ng/otudeko-5/ Mon, 20 Jan 2025 18:21:33 +0000 https://theglittersonline.com.ng/?p=319408 Alleged N12.3bn Fraud:  Court Fixes Feb. 13 For Arraignment Of Oba Otudeko, 3 Others   The Chairman of Honeywell Group, Oba Otudeko, on Monday, January 20, 2025, failed to appear before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, for his scheduled arraigned by the Economic and Financial Crimes Commission, EFCC. Otudeko […]

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]]> 319408 N12.3bn Fraud: EFCC To Arraign Otudeko, Ex-First Bank MD Monday https://theglittersonline.com.ng/otudeko-4/ Fri, 17 Jan 2025 05:28:29 +0000 https://theglittersonline.com.ng/?p=319136 N12.3bn Fraud: EFCC To Arraign Otudeko, Ex-First Bank MD Monday   The Federal High Court in Lagos on Thursday fixed January 20, 2025, for the Economic and Financial Crimes Commission to arraign the Chairman of Honeywell Group, Chief Oba Otudeko, and a former First Bank Managing Director, Stephen Onasanya, for allegedly looting N12.3bn from First […]

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]]> 319136 Disputed N13bn Debt: Court Fixes May 15 For Hearing Of Pending Applications In Otudeko’s Firms, Ecobank’s Suit https://theglittersonline.com.ng/otudeko-3/ Thu, 18 Apr 2024 11:48:56 +0000 https://theglittersonline.com.ng/?p=294051 Disputed N13bn Debt: Court Fixes May 15 For Hearing Of Pending Applications In Otudeko’s Firms, Ecobank’s Suit Further hearing of the suit in an alleged debt dispute between three companies, Anchorage Leisures Limited, Siloam Global Limited; Honeywell Nigeria Limited and Ecobank Nigeria Limited, before a Lagos Federal High Court has been fixed for May 15, […]

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]]> 294051 SEC Begins Investigation On Otudeko’s FBN Share Acquisition https://theglittersonline.com.ng/sec-16/ Wed, 12 Jul 2023 06:03:05 +0000 https://theglittersonline.com.ng/?p=268872 SEC Begins Investigation On Otudeko’s FBN Share Acquisition   There are indications that the Securities and Exchange Council is currently investigating the acquisition of 4.7 billion shares of FBN Holdings by a former Chairman of the bank, Oba Otudeko. A source within the commission, who pleaded anonymity, confirmed that a probe of the contentious deal […]

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]]> 268872 Ecobank Demands Rejection Of Otudeko’s First Bank Comeback Over N13.5bn Debt https://theglittersonline.com.ng/ecobank-demands/ Tue, 11 Jul 2023 15:36:00 +0000 https://theglittersonline.com.ng/?p=268830 Ecobank Demands Rejection Of Otudeko’s First Bank Comeback Over N13.5bn Debt In the petition, Honeywell said, “we believe that the actions of Ogunba are in complete disregard of the Rule of Law and an abuse of court process. As set out above, Ogunba on behalf of Ecobank, deliberately instituted a multiplicity of actions on the […]

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