
Nigerian businessman Oba Otudeko summoned to court over $24 million fraud
The case adds to his growing legal troubles, marking another chapter in the challenges facing the former FBN Holdings chairman and founder of Honeywell Group.
The case adds to his growing legal troubles, marking another chapter in the challenges facing the former FBN Holdings chairman and founder of Honeywell Group.
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
Otudeko, the largest shareholder of FBN Holdings, owes Ecobank more than $17 million.
Otudeko is the founder and chairman of Honeywell Group, a Nigerian conglomerate with holdings in property, energy and engineering services.
The transaction took place on the local bourse on Thurs., July 6, stirring speculation about Otudeko’s potential plans and intentions.
Honeywell Flour Mills is a leading flour and pasta product manufacturer in Nigeria.
Flour Mills of Nigeria and Honeywell Flour Mills will combine to create an industrial behemoth.
Honeywell Flour Mills is an integrated flour milling company.