Otudeko Refutes Alleged Role in FBN Holdings, Vows to Defend Reputation Says no plan to return to board
James Emejo in Abuja Industrialists and Founder/Chairman, Honeywell Group, Oba Otudeko,
yesterday clarified that he has never served in an executive capacity within FBN Holdings Plc and its banking subsidiary, First Bank of
Nigeria Limited. He, therefore, insisted he has had no operational responsibility in the organisation contrary to speculations.
His clarification came against the backdrop of reports that the Economic and Financial Crimes Commission (EFCC) will arraign Otudeko, and
former First Bank Managing Director, Olabisi Onasanya, on Monday, January 20, 2025, before a Federal High Court in Lagos over an alleged
N12.3 billion fraud. Otudeko, a former Chairman of Continued on page 9
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FG Convenes Inaugural Oil Industry Forum, Set to Halt Policy, Regulatory Conflicts, Others... Page 5
Cardoso Unveils Initiatives to Boost Payment Turnaround, Streamline Approval Processes, Others James Emejo in Abuja
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso,
has unveiled two transformative initiatives aimed at improving payment turnaround time and streamlining document approval
processes. The launch of the Document Flow (DocFlow) System and the Ministries, Departments, and
Agencies (MDAs) Naira Payment Solution on Wednesday, marked a continuation of the bank’s digital revolution project tagged, “Digital
First” which was flagged-off by the governor in December 2023 as one of his transformation initiatives. Cardoso described the DocFlow
system as a groundbreaking solution designed to revolutionise the apex Continued on page 9
Tax Reform: Govs, Presidential C'ttee Endorse Revised VAT 50% Equality
Approve 30% derivation, 20% based on population Senate projects N100 trillion budget for 2026 fiscal year North jittery because it’s ill-prepared, Natasha explains Northern groups decry politicisation of issue ASUU insists move will destroy public varsities Story on page 9
SENATE INTERACTIVE SESSION ON THE 2025 APPROPRIATION BILL...
L-R: Senate Minority Leader, Abba Moro; Deputy Senate President, Jibrin Barau; President of the Senate, Godswill Akpabio; Chairman Senate Committee on Appropriation, Solomon Adeola; and Senate Deputy Whip, Onyekachi Nweboyin, at the Senate Interactive Session on the 2025 Appropriation Bill…yesterday