Mortgage Controversy: Court docket adjourns Otudeko, others’ case to June 11

A Federal Excessive Court docket sitting in Lagos has adjourned the N12.3 billion mortgage controversy case involving the Chairman of Honeywell Group, Oba Otudeko, and three others, to June 11, 2025.

Justice Chukwujekwu Aneke postponed the case to permit time for both a peaceable settlement or the formal arraignment of the suspects.

The choice adopted reviews that negotiation are nonetheless ongoing between the events concerned for out-of-court settlement as suggested by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), who’s attempting to mediate.

Throughout Thursday’s listening to, Otudeko’s lawyer, Bode Olanipekun (SAN), instructed the court docket that negotiations for an out-of-court decision had been nonetheless in progress.

Equally, the lawyer for the Financial and Monetary Crimes Fee (EFCC), Bilikisu Buhari, acknowledged the discussions however requested the court docket to set a brand new date for arraignment in case the negotiations fail.

It will likely be recalled that on the final sitting of the court docket on March 17, Chief Wole Olanipekun (SAN) had knowledgeable the decide {that a} assembly involving all counsel had been convened on the occasion of the Attorney General of the Federation.

He mentioned that this was geared toward reaching a peaceable settlement of the case.

Olanipekun had additionally acknowledged that substantial progress was made, and the AGF directed all events to chorus from actions that might jeopardize the decision course of, together with submitting additional purposes.

The court docket will reconvene on June 11 to listen to the end result of the settlement talks or proceed with the arraignment if no settlement is reached.