News
Oba Otudeko flees Nigeria amid fraud allegations

Published
3 months agoon
By
Ekwutos Blog
Oba Otudeko, a former chairman of the First Bank of Nigeria (FBN), has suddenly left Nigeria.
According to The Cable, 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.
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.
When TheCable reached out to Otudeko, his phone number was switched off. Messages sent to his WhatsApp, however, delivered — but there was no response.
Obafemi Otudeko, his son, did not respond to calls and messages when contacted for comments on his father’s whereabouts and destination.
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.
In the charge sheet seen by TheCable, the EFCC accused Otudeko and the other defendants of obtaining tranches of loans—N12.3 billion, N5.2 billion, N6.2 billion, N6.1 billion, and N1.5 billion—from First Bank under the pretence that the funds were obtained by some firms.
The anti-graft agency said the credit facilities were obtained between 2013 and 2014.
Otudeko — in a statement issued on Thursday by Olasumbo Abolaji, general counsel of Honeywell Group — refuted the allegations made against him, adding that he was yet to receive any official invitation to the effect.
Otudeko said he has never served in an executive capacity within FBN Holdings and its banking subsidiary, First Bank of Nigeria Limited — hence he had no operational responsibility in the organisation.
“In light of recent news reports, Dr. Oba Otudeko categorically refutes the claims concerning his role in FBN Holdings and will aggressively defend his reputation,” the statement reads.
“Dr Oba Otudeko is a builder and one of Nigeria’s foremost investors and industrialists. He has built directly from scratch and has worked with others to build many of Nigeria’s most successful companies. This includes FBNHoldings, where he served as a director (then Chairman) from 1997 to 2021 and was instrumental in supporting the transformation of the bank from an old generation bank to its current leadership role as a pan-African financial services holding company.
“As of this moment, he has received no official summons, neither has his legal team received any official invitation from relevant authorities. As he has done in the past, Dr Oba Otudeko is always ready and available to assist any government agency with appropriate oversight in the execution of their duties, with the expectation that these affairs will be conducted with the highest standard of professionalism.
“At 81, after 5 decades of contributions to the growth of Nigeria’s economy, Dr Oba Otudeko is now focused on mentoring the next generation of business leaders and contributing to the positive development of society through enterprise.
“He is not interested in serving in an executive capacity in any organization in Nigeria or elsewhere, neither is he interested in serving in a non-executive capacity on any board asides those he currently sits on. This includes any possibility of returning to the board of FBN Holdings Plc, which appears to be the focus of the recent unfortunate news barrage. FBN Holdings, a legacy institution built over 130 years, holds a special place in Dr. Otudeko’s heart. He trusts this strong foundation to guide the institution into the next era of success.
“Dr. Oba Otudeko is confident that the truth will prevail in due course and looks forward to addressing these claims in the appropriate forum.”
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News
1984 riots: Court records statement of former chief of Delhi Sikh body against Jagdish Tytler

Published
2 hours agoon
April 5, 2025By
Ekwutos Blog
New Delhi [India], April 4 (ANI): Delhi’s Rouse Avenue court on Friday recorded the statement of former president of Delhi Sikh Gurudwara Management Committee (DSGMC), Manjeet Singh GK, as a prosecution witness in a 1984-anti Sikh riots case against Congress leader Jagdish Tytler.
Appearing before special judge Jitendra Singh, GK testified that in 2018 he had received an envelope containing a letter and a pen drive allegedly containing the voice recording of Tytler about his role in the riots.
GK said that he had later handed over the letter and the pendrive to the CBI, which was investigating the matter.
Tytler is facing trial in a case of the alleged killing of three Sikhs by a mob in the Pul Bangash area in 1984.
Special CBI Judge Jitendra Singh recorded Manjeet Singh GK‘s statement on the questions put to him by CBI public prosecutor Amit Jindal.
He said that the said recording on the pen drive was played in the office of DSGMC. In the said pen drive, there were revelations of the accused Jagdish Tytler about the killing of 100 Sikhs through him.
The other person with the accused Jagdish Tytlerin the said audio-video conversation/sting is Ravinder Singh Chauhan, GK said.
He further said that during a meeting, Ravinder Singh Chauhan admitted to the confession/revelation made by Jagdish Tytler in front of him, which were contained in the said pen drive. “I also audio-video recorded my conversation with Ravinder Singh Chauhan in the office of DSGMC“, GK added.
GK further testified that in the year 2008, Surinder Singh Granthi had met GK and said that that there was threats to him from the accused Jagdish Tytler.
GK said that he gave Surinder Singh courage and assured him that he and the whole Sikh community are with him and that he should tell the truth to the CBI and investigating agencies. Consequently, he got his statement recorded before the CBI, but unfortunately, he died before the case reached a logical conclusion.
Defense counsel Anil Kumar Sharma appeared along with Apoorv Sharma and Anuj Sharma.
News
Police Arrest Impostor In Uniform For Inciting Comment Against Edo People On Social Media

Published
4 hours agoon
April 5, 2025By
Ekwutos Blog
The attention of Kaduna State Police Command has been drawn to a comment made on a Facebook book post credited to one Hadaina Hussaini (Dan-taki), which has been making rounds on various social media platforms with the caption “Kaduna Police Officer Threatens Retaliation Against Southerners in Uromi Killings”.
To set the record straight, Hadian Hussaini is neither a member of the Nigeria Police Force nor a personnel of Kaduna State Police Command.
It is pertinent to note that his picture captured on Police Uniform as displayed on the Social Media, which is an improper dressing, is that of him when he was a member of the Police Special Constabulary attached to Kaduna State Constabulary Office, but was dismissed from the voluntary outfit two (2) years ago due to his questionable character.
As such, members of the general public are advised to carefully observe the identity card attached to the uniform which contains the word ‘PSC/KD’ meaning Police Special Constabulary. Similarly, the pictures of him on uniform were posted on the Facebook platform two (2) years ago, prior to his dismissal.
The Suspect has been arrested and will be charged to court upon the completion of preliminary investigations in accordance to extant laws.
The State Command however wishes to state categorically that, the Nigeria Police Force is a disciplined and regimented organization committed to upholding law and order, and would not condone any form of incitement, hate speech, or threat to the peace and harmony of our dear Country.
The Commissioner of Police, CP Rabi’u Muhammad psc,mni wishes to once-again call on members of the general public to remain calm and continue to report suspicious incidents of this nature to the Police
DSP MANSIR HASSAN,anipr
Police Public Relations Officer
For: Commissioner of Police
Kaduna State Command
Business
Dangote refinery, NNPC: More fuel stations increase pump price in Nigeria

Published
20 hours agoon
April 4, 2025By
Ekwutos Blog
The price of Premium Motor Spirit, popularly known as fuel, has recorded a significant increase in the past days, which may worsen the economic hardship Nigerians face.
MRS, a filling station partner of Dangote Refinery, kicked off the latest fuel price increase when it adjusted its petrol pump to between N925 and N950 per litre in Lagos and the Federal Capital Territory, Abuja.
Similarly, other fuel marketers such as Empire Energy, Recoil, Juda Oil, Total, Emedab, and others also increased their fuel pump to between N950 and N970 per litre.
On Wednesday, the Nigerian National Petroleum Company Limited retail outlets also jacked up their fuel price to N950 per litre from N880 in Abuja.
Summarily, Ekwutosblog observed motorists will have to pay N70 more to buy a litre of petrol in the coming days.
The development comes amid the suspension of petrol product sales in Naira by Dangote Refinery. This follows the initiation of the naira-for-crude sale deal between Dangote Refinery and the federal government through NNPCL.
On Wednesday, President Bola Ahmed Tinubu announced a reshuffling of NNPCL.
Meanwhile, local oil prices are increasing in Nigeria, despite the decline in global crude prices. As of the time of this report, United States West Texas Intermediate was at $62.15 per barrel, down from above $65, while Brent crude stood at $65.42 per barrel, down from $72 last week.

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