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Court strikes out N12.3bn fraud case against Otudeko after settlement

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The Federal High Court in Lagos has struck out the N12.3bn fraud charge filed by the Economic and Financial Crimes Commission against the Chairman of Honeywell Group, Dr. Oba Otudeko, and three others, after the anti-graft agency formally withdrew the case on Wednesday.

The EFCC had in suit No. FHC/L/20C/2025, filed 13-count charges against Otudeko, former First Bank Managing Director Olabisi Onasanya, former Honeywell board member Soji Akintayo, and Anchorage Leisure Limited.

The defendants were accused of conspiring to fraudulently obtain N12.3bn from First Bank of Nigeria under the guise of credit facilities for V-TECH Dynamic Links Ltd. and Stallion Nigeria Ltd.

At Wednesday’s proceedings, EFCC counsel, Rotimi Oyedepo, told Justice Chukwujekwu Aneke
that the matter had been amicably resolved between the nominal complainant, First Bank, and the first defendant, Otudeko.

Oyedepo said, “The parties have reached a full and final settlement.

“First Bank, the nominal complainant, has formally withdrawn its complaint. The funds at the heart of the matter have been fully repaid, and there is no further interest in pursuing the charge.

“In the interest of justice and to prevent abuse of the court process, the Attorney General of the Federation, having reviewed the facts and the full recovery of the disputed funds, decided to discontinue the prosecution.”

According to Oyedepo, following applications for settlement by the defence, the AGF convened a meeting involving all stakeholders.

This led to a formal resolution communicated via a July 16, 2025, letter from First Bank and another from Otudeko’s counsel confirming the settlement.

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He stated that a follow-up letter on July 21, 2025, reaffirmed the bank’s position and requested that the charge be withdrawn.

Otudeko’s counsel, Bode Olanipekun, informed the court that “all issues leading to the institution of this charge have been completely resolved.”

Other defence lawyers Adeyinka Olumide-Fusika, SAN (for Onasanya), Tunde Afe Babalola (for Akintayo), and Dr. Charles Adeogun-Phillips (for Anchorage Leisure Ltd.) confirmed the amicable settlement.

After hearing the submissions, Justice Aneke ruled, “In view of the application by the prosecution and the confirmation by the defence, this case is hereby struck out.”

In a statement following the court’s ruling, signed by its General Counsel, Olasumbo Abolaji, welcomed the development, describing it as a reaffirmation of Dr. Otudeko’s integrity.

Abolaji said, “Honeywell Group confirms that the legal proceedings initiated by the EFCC against our Chairman, Dr. Oba Otudeko, CFR, in connection with matters relating to First Holdco Plc, have been formally withdrawn.

“This development marks the closure of a chapter that, while challenging, never diminished our confidence in Dr. Otudeko’s integrity or our belief in the principles that have guided his life and leadership.

“At no point was there any finding or admission of wrongdoing, and this conclusion further affirms what we have always maintained that this was a commercial transaction, investigated by the EFCC and resolved eight years ago.

“Dr. Otudeko’s service, enterprise, and nation-building record stand firm and unblemished. For over six decades, he has contributed significantly to Nigeria’s economic and institutional development, including distinguished tenures across banking, industry, and public service. His leadership of First Bank was marked by stability, stewardship, and strategic vision.”

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The group reaffirmed its commitment to creating value through enterprise in food, energy, infrastructure, and financial services.

“As we move forward, we do so strengthened by experience, focused on the future, and anchored in the enduring values that have always shaped our journey,” the statement added.

 

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Crime

FCT pastor remanded over alleged rape

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A Federal Capital Territory High Court in Gwarimpa, Abuja, on Thursday, ordered the remand of the founder of the Prophetic Victory Voice of Fire Ministry, Pastor Amos Isah, over the alleged rape of a 14-year-old church member.

Justice Modupe Osho-Adebiyi directed that the 39-year-old cleric be kept in custody pending the submission of his previous bail records.

The decision followed the resumption of the high-profile trial on Thursday.

Isah, whose church is located in the Gwagwalada Area Council, pleaded not guilty to the eight charges brought against him, including rape under the Child’s Rights Act 2003, sexual exploitation, coercion, emotional and psychological abuse, gross indecency, and the abduction of a minor.

The prosecution alleged that the teenage survivor, identified as B.Z.J., was lured by the cleric into the church’s newly constructed auditorium on May 26, 2025.

The charge sheet, marked FCT/HC/CR/467/2024, stated that Isah locked the doors and forcefully had sexual intercourse with the minor without her consent.

Count one of the charges reads, “That you, APOSTLE AMOS ISAH (39 years), male, of Behind Federal Road Safety, Gwagwalada, Abuja, on or about the 26th day of May, 2025, within the jurisdiction of this Honourable Court, did commit an illegal act to wit: rape. You lured one B.Z.J.

(14 years old), Female, of Plot Gwagwalada, Abuja, into your office at Prophet Victory Voice Fire Ministry International Church, Gwagwalada, Abuja, and forcefully had sexual intercourse with her without her consent. You thereby committed an offence contrary to Section 31(1) of the Child’s Rights Act, 2003, and punishable under Section 31(2) of the same law.”

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Following the alleged assault, the amended charge sheet revealed that Isah reportedly handed the victim N3,000 to purchase medication.

He allegedly followed the gesture with a death threat, vowing to kill the survivor and her entire family if she disclosed the incident to anyone.

The court further heard that the defendant’s actions also constituted gross indecency without consent, contrary to Section 285 of the Penal Code Laws.

Justice Osho-Adebiyi thereafter adjourned the matter until June 30, 2026, for continuation of hearing.

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Crime

NDLEA intercepts N10.43bn cannabis shipment at Lagos port

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Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a large consignment of Canadian Loud, a high-potency strain of cannabis, weighing 4,173.5 kilograms, with an estimated street value of N10.43bn at the Tincan Island Port in Lagos.

The agency said the seizure followed months of intelligence gathering, surveillance, and tracking of the shipment, which originated from Toronto, Canada, on March 28, 2026.

In a statement on Wednesday, the NDLEA spokesperson, Femi Babafemi, said the container was moved by rail to Montreal before being shipped on board the vessel Jakarta Express Voyage, which arrived at Tanger Med Port in Morocco on April 15.

He added that the shipment was later transferred to another vessel, Osaka Voyage, which eventually arrived at the Lagos Port on May 9.

According to the agency, its Marine Intelligence Unit and Tincan Island Strategic Command monitored the consignment for over two months in collaboration with international partners, including the United Kingdom Home Office International Operations, the United States Drug Enforcement Administration, and the Royal Canadian Mounted Police.

“The successful interdiction of the illicit drug consignment followed painstaking intelligence gathering, sustained surveillance, and trailing of the container from its point of departure in Toronto,” the statement partly read.

Babafemi said the drugs were eventually seized on Tuesday, May 12, during a joint examination involving NDLEA operatives, the Nigeria Customs Service, and other security agencies.

He explained that the drugs were concealed inside a used Ford bus and a Mercedes-Benz C300 car loaded within the shipping container.

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Speaking during the handover of the exhibits by the Customs Service at the port on Wednesday, NDLEA Director of Seaports Operations, Ibinabo Archie-Abia, said the operation demonstrated the effectiveness of inter-agency and international collaboration in combating transnational drug trafficking.

The seizure came just days after NDLEA operatives raided a mansion in Lekki, Lagos, allegedly used as a stash house, where 2,326 kilograms of the same substance, valued at over N5.8bn, were recovered.

Reacting to the development, NDLEA Chairman and Chief Executive Officer, Brig. Gen. Mohamed Buba Marwa (retd.), commended officers involved in the operation for their professionalism and vigilance.

Marwa said the repeated interceptions indicated a coordinated attempt by international drug syndicates to flood Nigeria with synthetic cannabis strains.

“This second massive seizure in less than a week is a clear message to international syndicates who think they can use our ports as entry points for their illicit trade. The synergy between NDLEA, Customs, and our international partners is yielding results,” he said.

He added that the agency would continue efforts to dismantle drug trafficking networks linked to the shipments and ensure those responsible are brought to justice.

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Crime

Police uncover bodies of two residents in Ondo bush; read details

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The Ondo State Police Command on Wednesday said it had deployed operatives to Akotogbo community in Irele Local Government Area of the state following the discovery of the bodies of two residents in a bush within the area.

The deceased, identified as Loyinmi Bode and Andrew Friday, were reportedly found at separate locations within the community in incidents that occurred within a month.

The development has thrown the agrarian community into fear and tension, with residents calling for urgent intervention by security agencies and the state government.

Confirming the incident, the Police Public Relations Officer, Abayomi Jimoh, said the command was aware of the situation and had taken steps to restore calm.

“The command is fully aware of these developments and remains resolute in its constitutional mandate of protecting the lives and property of all law-abiding residents of Ondo State,” he said.

He added that robust security measures had been put in place within Akotogbo and neighbouring communities to prevent a breakdown of law and order.

“In response, robust security measures have been emplaced within Akotogbo and its adjoining communities to prevent any breakdown of law and order and ensure sustained public safety,” Jimoh said.

The police spokesperson also noted that efforts were ongoing to identify, arrest, and prosecute those responsible for the deaths.

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