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Alleged N12.3bn fraud: Otudeko’s counsel protests in court

  • The arraignment of Obas Otudeko and Olabisi Onasanya over alleged N12.3 billion fraud was delayed due to their absence in court.
  • The Economic and Financial Crimes Commission filed a 13-count charge against the defendants on 16 January 2025.
  • The EFCC accused the defendants of obtaining N12.3 billion from First Bank under false pretenses between 2013 and 2014.
  • The defendants allegedly forged documents to deceive the bank, violating several laws including the Advance Fee Fraud Act.
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