The Federal High Court in Lagos has ordered businessman, Oba Otudeko, to appear before it and enter a plea in the ₦30 billion fraud charge preferred against him by the Economic and Financial Crimes Commission (EFCC).
The trial judge, Justice Chukwujekwu Aneke, on Monday, ruled that Otudeko must be arraigned before any application challenging the jurisdiction of the court can be taken. The EFCC had earlier filed a 13-count charge against Otudeko and three others over an alleged fraudulent loan transaction.
However, at the hearing, the judge maintained that the defendant must plead first before any jurisdictional objection would be heard.
Following this ruling, the court adjourned the case until May 8.
President Bola Ahmed Tinubu has outlined an ambitious economic agenda aimed at reducing Nigeria's inflation rate from the current 34.6% Read more
Over the past 14 years as the Founder of TEXEM, UK, and previously as a Director of Strategy in Cambridge, Read more
The Nigerian equities market demonstrated exceptional resilience in 2024, achieving a remarkable gain of N21.845 trillion despite economic headwinds such Read more
The year 2024 marked a significant milestone for Nigeria as it celebrated 25 years of uninterrupted democratic rule. The electoral Read more
Olawale Moses Oyewole is an adept writer who stays on top of current events and curate informative and engaging articles for his readers. He is a digital strategist who help brands gain online visibility.
Share this:
- Click to share on Facebook (Opens in new window) Facebook
- Click to share on X (Opens in new window) X
- Click to print (Opens in new window) Print
- Click to email a link to a friend (Opens in new window) Email
- Click to share on LinkedIn (Opens in new window) LinkedIn
- Click to share on Reddit (Opens in new window) Reddit
- Click to share on X (Opens in new window) X
- Click to share on Tumblr (Opens in new window) Tumblr
- Click to share on Pinterest (Opens in new window) Pinterest
- Click to share on Pocket (Opens in new window) Pocket
- Click to share on Telegram (Opens in new window) Telegram
- Click to share on Threads (Opens in new window) Threads
- Click to share on WhatsApp (Opens in new window) WhatsApp
- Click to share on Mastodon (Opens in new window) Mastodon
- Click to share on Nextdoor (Opens in new window) Nextdoor