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N5.5bn debt: Drama as billionaire businessman Otudeko testifies

N5.5bn debt: Drama as billionaire businessman Otudeko testifies

 

There was mild drama at the Federal High Court in Lagos Thursday as chairman of Honeywell Group Dr Oba Otudeko escaped arrest by responding to summons to testify in his companies’ N5.5billion debt suit against Ecobank Nigeria Limited.

Sporting his trademark Yoruba attire, Otudeko and his aides tried to prevent journalists from taking his photographs and videoing him as he left the court.

There was also mild drama inside the courtroom as plaintiff’s counsel Olabode Olanipekun and Ecobank’s lawyer Divine Obinna Agbua repeatedly clashed.

There were arguments between the lawyers on whether he could be examined, cross-examined and re-examined on his statement on oath.

A scuffle broke out between some of Otudeko’s aides and journalists covering the proceedings.

As his aides walked beside him out of the courtroom, they beat a quick retreat to the back of the building on sighting a TV camera.

Otudeko tried to escape through the back gate but the camera man was ahead of them.

The Honeywell chief and his group stood at a safe distance from the camera, but the TV reporter and cameraman stood at both exit points of the court premises. The move left Otudeko and his aides plotting the best means of escape.

Some of the business mogul’s aides confronted the cameraman, asking him: “Why are you doing this?” while shielding their boss.

There was a mild scrap when one of the aides tried to force the cameraman to stop recording the scene.

Otudeko succeeded in leaving the court at about 11.40am in-between his aides who shielded him from the cameraman.

On Wednesday, Agbua had told Justice Mohammed Idris that Otudeko ignored a court summons, which Otudeko denied.

He said while in the witness box Thursday: “This is a first experience, and I am extremely delighted to be here to see all professionals in practice. I was away from Lagos, and only got a call from my officers who informed me of the position, and I came back yesterday (Wednesday).

“I have great respect for the institution of the court, and so I have deposed to my witness statement and have filed it.”

Agbua asked Otudeko to tell the court his names, occupation and address. The witness replied: “My name is Dr Oba Otudeko. I am a businessman. My place of business is at No 6, Mekuwen St. Ikoyi Lagos.”

When asked about his professional qualification, Olanipekun objected, saying the proper practice was for the defence to lead the witness to adopt his written deposition.

He added that the defence could not embark on a journey of questions, adding that after adoption, the plaintiff counsel was entitled to cross examine the witness.

Agbua argued that the witness was a subpoened one, and so he was entitled to lead his witness in evidence without hindrance.

“The witness in question is our witness. The question I put to the witness being an introductory question is allowed under the law, where he lives, works, his qualifications. To that extent, I submit that the objection to my line of questioning is preemptory,” he said.

Justice Idris ruled overruled Agbua and held that the witness could only be led to adopt his witness statement.

Agbua then declined to lead the witness to adopt his statement.

During cross examination, Olanipekun asked the witness to tell the court: “Whether the then Managing Director of Ecobank was in attendance at the plaintiff’s office on July 23, 2013, when it was agreed that N3.5billion will be full and final settlement of the plaintiff’s debt.”

Before the witness could respond, Agbua objected, arguing that since the witness’ statement was not before the court, he could not be made to answer questions on it.

“We have gotten what we want and we do not want to lead the witness anymore. We hereby apply for his discharge,” Agbua said.

Olanipekun made repeated efforts to cross-examine Otudeko, but Agbua continued to insist that a witness whose statement was not adopted in court could not be cross examined.

Justice Idris adjourned until February 14.

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Breaking : Tinubu Launches Five-Year Defence Plan to Crush Insurgency, Restore Security

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…Military eliminates over 15,000 terrorists in 3 years

…130,000 Boko Haram fighters and dependents surrender

The All Progressives Congress Presidential Campaign Council (APC PCC) has announced that President Bola Tinubu has finalised a comprehensive Five-Year Strategic Defence Operations Plan to end Nigeria’s 17-year battle against insurgency, banditry, and kidnapping.

The development was contained in a statement on Sunday in Abuja by the spokesperson for the APC PCC, Dele Alake.

The campaign council stated that the new framework is designed to overhaul the nation’s security architecture by aligning defence priorities, capability development, and expenditure with current and emerging threats.

According to Alake, the administration’s military operations over the past three years have yielded significant results, including the neutralisation of over 15,000 Boko Haram terrorists and bandits, alongside the surrender of more than 130,000 insurgents and their dependents through the government’s rehabilitation programme, Operation Safe Corridor.

“President Bola Tinubu is determined to end the 17-year scourge of insecurity ravaging parts of Nigeria through a comprehensive Five-Year Strategic Defence Operations Plan designed to strengthen the country’s security architecture, improve military effectiveness, and ensure a coordinated response to emerging threats,” Alake stated.

He explained that the initiative shifts the security apparatus toward a “more coordinated, intelligence-led, technology-enabled, and prevention-oriented system,” combining sustained kinetic military offensives with non-kinetic interventions.

Detailing the structural reforms undertaken to boost troop availability and rapid response, the APC PCC spokesperson said President Tinubu has created four new Nigerian Army divisions and restructured existing military formations to decentralise operations.

To accelerate recruitment, the President also approved establishing two new Army depots in Osogbo, Osun State, and Amasiri-Edda, Ebonyi State. Each facility can train 6,000 recruits simultaneously, adding a combined training capacity of 12,000 soldiers.

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Alake noted that the Osogbo depot is already operational, with 5,210 recruits currently undergoing training.

The statement also said the President has authorised a major recruitment drive across the security forces, approving the enlistment of an additional 28,000 soldiers into the Army and 50,000 new officers into the Nigeria Police Force to bolster internal security, improve policing capacity, and strengthen the country’s response to criminal activities.

On personnel welfare, Alake highlighted ongoing investments in military accommodation and operational infrastructure, citing the construction of a 700-unit military barracks in Ikere-Ekiti, Ekiti State.

“These measures reflect the administration’s determination to address manpower and infrastructure gaps, improve the capacity of security agencies, and ensure personnel are adequately trained, equipped, and deployed to areas facing security challenges,” the statement read.

On defence spending and combat readiness, Alake said the Five-Year Strategic Defence Operations Plan ensures clearly identified threats and national priorities guide security sector investments.

He added that the strategic framework is designed to close critical capability gaps, optimise available military resources, and eliminate unnecessary expenditure and waste across the defence sector.

 

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Politics Should Be About Issues, Not Violence – Let’s Protect Our Democracy, Says Tinubu

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I have followed recent reports of violence accompanying political events in different parts of the country.

Every form of violence stands condemned. Violence should never have a place in our political campaigns as we move toward the 2027 general elections.

Our campaigns should be about issues, a contestation of ideas that promote the welfare of our people and the progress of our country.

As the leader of this country, I commit myself to a peaceful, free, and fair election, and I urge political leaders and supporters across party lines to conduct themselves responsibly.

I have said that being in different political parties or pursuing different ambitions does not make us enemies.

As Nigerians, we are members of the same household living in different rooms. Therefore, our politics must elevate human conditions and focus on national progress and development.

I want to reiterate my previous directive to the security agencies: be strict and firm against anyone who seeks to test our resolve and will to preserve public order.

Our administration is committed to an orderly and peaceful election, and all political parties and candidates should be protected and free to campaign anywhere in the country without molestation or fear for their safety.

We shall not tolerate any irresponsible conduct by politicians and their supporters.

Security agencies are therefore authorised to confront thuggery and other anti-social and anti-democratic activities with full force.

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Update : THE COURAGE TO REFORM” BOOK TO BE UNVEILED DECEMBER 1 ,

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“The Central Planning Committee for the official unveiling of the book, The Courage to Reform: Architecture of President Bola Ahmed Tinubu, GCFR, Beyond 2027 — Statecraft, Vision for National Renewal, has announced Tuesday, December 1, 2026, as the new date for the highly anticipated ceremony.

The unveiling, which was initially scheduled for Thursday, November 5, 2026, at the Bola Ahmed Tinubu International Conference Centre, Abuja, was earlier postponed following adjustments to the official schedule of President Bola Ahmed Tinubu, GCFR, who is the Special Guest of Honour at the occasion.

HON. IMAAN SULAIMAN-IBRAHIM
Honourable Minister of Women Affairs and Social Development
Chairperson, Central Planning Committee

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