JUST IN: EFCC withdraws fraud charges against Otudeko

The federal high court in Lagos has struck out the 13-count charge filed against Oba Otudeko, a former chairman of First Bank of Nigeria (FBN).

Chukwujekwu Aneke, the judge, struck out the charges on Wednesday after Rotimi Oyedepo, counsel to the Economic and Financial Crimes Commission (EFCC), announced the withdrawal of the suit.

In January, the anti-graft agency filed the charges against Otudeko and three others over an alleged N30 billion loan fraud. (The Cable)