Bisi Onasanya, the embattled former Managing Director of FirstBank has followed in the steps of Oba Otudeko, the former chairman of FBN Holdings and fled the country.
Onasanya who is expected to appear at the Federal High Court in Lagos on Monday January 20 to answer to the charges brought against him by anti-graft agency, the Economic and Financial Crimes Commission, EFCC, may likely be absent in court as he is currently holed up in Ghana in hiding.

He was spotted at Movenpick Hotel in Accra where he checked in at exactly 8 am on Friday morning.

Society Reporters had earlier reported that Onasanya will be arraigned before Justice Chukwujekwu Aneke for looting over N12.3 billion.

He will be arraigned alongside Otudeko, also the chairman of Honeywell Group who is equally on the run, as well as two others, a former board member of Honeywell Group, Soji Akintayo and a firm, Anchorage Leisure Limited connected to Otudeko.

The quartet committed fraud in tranches of N5.2 billion, N6.2 billion, N6.150 billion, N1.5 billion and N500 million, N6.2 billion and N2.09 billion between 2013 and 2014 in Lagos.

The 13-count charge, filed by EFCC counsel Bilikisu Buhari on January 16, 2025, further claimed that the defendants made and uttered forged documents to deceive the bank.

Specifically, count 1 accused the defendants of conspiring “to obtain the sum of N12.3 billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for by V-TECH DYNAMIC LINKS LIMITED and Stallion Nigeria Limited, which representation you know to be false.”

In Count 2, it was alleged that the defendants, on or about the 26th day of November 2013 in Lagos, “obtained the sum of N5.2 Billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for by V TECH DYNAMIC LINKS LIMITED which representation you know to be false.”

The 3rd count claimed that the defendants, between 2013 and 2014 in Lagos, obtained N6.2 Billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for and disbursed to Stallion Nigeria Limited, which representation you know to be false.”

In the 4th count, they were accused of conspiring to spend the N6,15 billion, out of the monies.

According to the Commission, the offences contravened Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and are punishable under Section 1(3) of the same Act.

Counts 5 and 6 read: “That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO AND ANCHORAGE LEISURE LIMITED on or about 11th day of December 2013 in Lagos, procured Honeywell Flour Mills Plc to retain the sum of N1,5 Billion, which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 18(c), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

“That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO, AND ANCHORAGE LEISURE LIMITED on or about the 17th day of December 2013 in Lagos, converted to the use of Honeywell Flour Mills Plc the sum of N500 million only which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 15(2 (b)) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.”

“That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO, AND ANCHORAGE LEISURE LIMITED on or about the 17th day of December 2013 in Lagos, converted to the use of Honeywell Flour Mills Plc the sum of N500 million only which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 15(2 (b)) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.”

The Street Journal

Music Maestro, King Wasiu Ayinde Marshal has lost his adorable mother, Alhaja Halima Shadiya Anifowoshe.

She was aged 105.

May her soul rest in Peace.

By seun OLOKETUYI

In the dynamic and evolving political landscape of Lagos, few names resonate with as much promise, dedication, and authenticity as Rt Hon Mojisola Lasbat Meranda. Her recent emergence as the Speaker of the 10th Lagos State House of Assembly marks a historic milestone in her political career, reinforcing her status as a visionary leader and a formidable force in the state’s governance.

Her journey into public service is not only a testament to her resilience but also to her illustrious heritage. Born on August 16, 1980, into the esteemed family of the late Chief T. A. Lawal Akapo, the Ojora of Lagos, and Princess M. A. Lawal-Akapo, Mojisola Meranda embodies the rich history and values of Lagos royalty. Her lineage connects her to the Ojora, Aromire, Onitana, Oloto, and Oniru royal families—dynasties that have long stood as pillars of tradition and leadership in Lagos State. With these roots, her commitment to her constituents and the broader Lagos populace is deeply personal.

A Journey of Service and Leadership

First elected in 2015 to represent the Apapa Constituency-1, Mrs Meranda has consistently demonstrated an unwavering commitment to her constituents. Her re-elections in 2019 and 2023 underscore the trust and confidence that the people of Apapa have in her leadership. Her tenure in the Lagos State House of Assembly has been marked by groundbreaking initiatives, progressive legislation, and a focus on refining existing laws to meet modern demands.

Before taking the mantle of Speaker, Mrs Meranda served as Deputy Speaker and Chief Whip of the 9th Assembly, roles that showcased her legislative acumen and ability to unite diverse voices within the House. Her approach to governance is rooted in collaboration, innovation, and a passion for driving real change for the people of Lagos.

Her educational background mirrors her versatility and commitment to excellence. From her foundational years at St. Charles Nursery and Primary School to her ongoing academic pursuits at the University of Lagos, Mrs Meranda has always been a beacon of determination. Her Bachelor of Science in Public Administration from Lagos State University and her advanced certificate in software development highlight her adaptability in a world that demands both traditional leadership and technological proficiency.

Legislative Achievements and Constituency Impact

Mrs Meranda’s legislative philosophy centers on pragmatic solutions. Rather than merely proposing new laws, she has focused on repealing outdated laws and amending existing ones to reflect contemporary realities. Her leadership style prioritizes enforceable policies that directly improve the lives of Lagosians.

In her constituency, she has spearheaded transformative projects, including medical outreaches, provision of JAMB forms for students, vocational training for automobile mechanics, school refurbishments, water projects, and economic empowerment initiatives for petty traders and widows. These projects underscore her dedication to grassroots development and her deep understanding of the challenges faced by everyday Lagosians.

A Champion for Gender Equality

As one of only four women in the 40-member Lagos State House of Assembly, Mrs Meranda’s leadership as Speaker is a powerful symbol of progress for women in Nigerian politics. Her advocacy for gender equality and fair representation has inspired countless women to pursue leadership roles.

Her journey has not been without its challenges, but her resilience remains unshaken. “Power is not served à la carte,” she often says—a mantra that encapsulates her commitment to hard work, strategic networking, and focused campaigning.

Vision for an Inclusive and Progressive Lagos

Mrs Meranda’s vision for Lagos is one of inclusivity, empowerment, and sustainable development. Her approach to governance is centered on ensuring that every citizen, regardless of gender or socioeconomic status, has a voice in shaping the future of Lagos.

Under her leadership, the Lagos State House of Assembly is poised to prioritize policies that address critical areas such as education, healthcare, infrastructure, and economic empowerment. With her at the helm, Lagosians can expect a legislature that works in tandem with the executive arm to deliver tangible results for the state.

A Symbol of Hope and Excellence

Rt Hon Mojisola Lasbat Meranda’s ascension as Speaker is not just a personal milestone but a victory for inclusive governance in Lagos. As the Royal Princess speaks for the good of Lagos, her words and actions will undoubtedly echo far beyond the hallowed halls of the Assembly.

Her story is a beacon of hope for women, young leaders, and every Lagosian aspiring for a better future. With her dedication, vision, and unwavering commitment to public service, the people of Lagos can rest assured that the state’s leadership is in capable hands.

Congratulations Omo Ojora Apasa, Omo Oyinbo Dudu Lode Iganmu, Kekeniju. May Almighty God guide you as you embark on this new chapter of service and leadership.