Otudeko, a former Chairman of the said bank, and Onasanya are to be arraigned alongside a former board member of Honeywell, Soji Akintayo, and a firm, allegedly connected to Otudeko.
According to EFCC, the four defendants allegedly committed fraud in tranches of N5.2bn, N6.2bn, N6.150bn, N1.5bn and N500m, between 2013 and 2014 in Lagos.
In the 13 counts, filed by EFCC counsel, Mrs Bilikisu Buhari, on January 16, 2025, EFCC further claimed that the defendants made, uttered and forged documents to deceive the bank.
Otudeko, Onasanya, Akintayo and Anchorage will be brought before Justice Chukwujekwu Aneke, to whom the case, has been assigned.
EFCC accused the defendants of conspiring to obtain the sum of N12.3bn from the commercial Bank on the pretence that the said sum represented credit facilities applied for by a Tech company, a representation they knew was false.
The commission also alleged that on or about November 26, 2013, in Lagos, the defendants obtained the sum of N5.2 bn from the Bank on the pretence that the said sum represented credit facilities applied for by the tech company , a representation they knew was false.
The anti-graft agency claimed that the defendants, between 2013 and 2014 in Lagos, obtained N6.2bn from the bank in question on the pretence that the said sum represented credit facilities applied for and disbursed to another company, a representation they knew was false.