EFCC Charges Ex-FBN Chairman Otudeko, Three Others With Alleged N30bn Loan Fraud

The Chairman of Adron Group, Aare Adetola Emmanuelking, has expressed deep sorrow over the passing of Rt. Hon. Otunba (Dr.) Adewunmi Oriyomi Onanuga, the Yeye Oba of Makun Kingdom, popularly known as IJAYA. In a tribute filled with heartfelt emotion, he described her as a beacon of hope, an exceptional leader, and a compassionate servant who dedicated her life to championing justice, empowering women, and working tirelessly toward societal development.

Until her untimely passing, Rt. Hon. Oriyomi Adewunmi Onanuga served as the Deputy Chief Whip of the House of Representatives, representing the Ikenne/Sagamu/Remo North Federal Constituency of Ogun State. Her contributions to her constituency and the nation at large earned her widespread respect and admiration.

He reflected on their decade-long relationship, which he said to have been built on mutual respect and support. He recounted her efforts in supporting the global vision of Adron Homes, and her instrumental role in the development of the popular Obaruwa Festival in Makun Kingdom.

Describing her as a woman of valor and resilience, Aare Adetola emphasized Rt. Hon. Oriyomi Adewunmi Onanuga’s llegacy as that of a trailblazer whose charisma, humility, and indomitable spirit inspired countless lives. Her courage and loyalty to her constituency, coupled with her ability to lead with dignity, have left an indelible mark on the sands of time.

While extending his condolences to her family, friends, the people of Ogun State and the entire nation, he prayed for strength and peace for all those affected by her loss, and urged them to take solace in the remarkable legacy she left behind.

Rt. Hon. Oriyomi Adewunmi Onanuga’s passing leaves an irreplaceable void in the hearts of her loved ones, her community, and the nation at large. Her legacy as a visionary leader and advocate for justice and equality will continue to inspire generations to come.

“The Economic and Financial Crimes Commission (EFCC) has filed a 13-count charge of alleged fraud against Oba Otudeko, a former chairman of First Bank Nigeria Holdings, and three others. Nigerian tourism packages The charges, filed at the Federal High Court in Lagos, allege fraudulent acquisition of over N30 billion in loans under false pretenses. Joining Otudeko as defendants are Stephen Olabisi Onasanya, a former Group Managing Director of First Bank; Soji Akintayo, an ex-board member of Honeywell Flour Mills Plc; and Anchorage Limited, a company linked to Otudeko. The EFCC alleges that between 2013 and 2014, the defendants conspired to fraudulently secure multiple credit facilities from First Bank. According to the charge sheet, the loans—amounting to N12.3 billion, N5.2 billion, N6.2 billion, N6.1 billion, and N1.5 billion—were ostensibly granted to V-Tech Dynamic Links Limited and Stallion Nigeria Limited, but the funds were funneled to companies tied to Otudeko.Nigerian tourism packages One of the charges reads: “That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO, and ANCHORAGE LEISURE LIMITED, between 2013 and 2014 in Lagos, within the jurisdiction of this Honourable Court, conspired amongst yourselves to obtain the sum of N12,300,000,000.00 from First Bank Limited on the pretence that the said sum represented credit facilities applied for by V-Tech Dynamic Links Limited and Stallion Nigeria Limited, which representation you knew to be false.” The alleged actions contravene Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006, punishable under Section 1(3) of the same Act.Nigerian tourism packages The EFCC has disclosed plans to call 12 witnesses during the trial, including three investigators from the commission and representatives from First Bank, the Central Bank of Nigeria (CBN), Stallion Nigeria, and V-Tech Dynamic Links Limited” https://platformtimes.com.ng/efcc-charges-ex-fbn-chairman-otudeko-three-others-with-alleged-n30bn-loan-fraud/#:~:text=The%20Economic%20and%20Financial%20Crimes%20Commission,and%20V%2DTech%20Dynamic%20Links%20Limited

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