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flag Nigerian businessman Oba Otudeko faces fraud charges over billions in alleged loan scams.

flag Nigerian businessman Oba Otudeko and others are facing charges of fraud involving billions of naira, with the Economic and Financial Crimes Commission (EFCC) accusing them of obtaining loans through false pretenses. flag The Federal High Court in Lagos has ordered Otudeko to appear and take a plea, adjourning the case to May 8. flag Settlement talks are reportedly underway between the EFCC and Otudeko's defense team. flag Meanwhile, ex-minister Saleh Mamman and former First Bank Nigeria Holdings chairman are among others facing various financial crimes charges.

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