Oba Otudeko On The Run,Flees Nigeria Over N30b Fraud

Oba Otudeko, a former chairman of the First Bank of Nigeria (FBN), has reportedly left Nigeria.

His departure comes in the wake of his imminent arraignment by the Economic and Financial Crimes Commission (EFCC) on a 13-count charge of alleged fraud.

It was gathered that the businessman left the country via one of the land borders.

According to security sources, he was dropped off at the Nigeria-Benin border on Thursday evening by a family member.

Earlier on Thursday, the EFCC filed charges against Otudeko and three others at the Federal High Court in Lagos for allegedly obtaining a N30 billion loan under false pretences. The anti-graft agency said the defendants would be arraigned on Monday.

The three other defendants are Stephen Olabisi Onasanya, a former group managing director of FBN; Soji Akintayo, an ex-board member of Honeywell Flour Mills plc; and Anchorage Limited, a company linked to Otudeko.

©TheCable