A Federal High Court sitting in Lagos, on Thursday, adjourned until June 11, for parties to continue their settlement talks, in the case between the Economic and Financial Crimes Commission (EFCC), First Bank, the Chairman of Honeywell Group, Oba Otudeko, and others.
Justice Chukwujekwu Aneke adjourned the case for a report of settlement, following the agreement by the parties that negotiations talks were still on.
Bode Olanipekun, SAN, who is representing Oba Otudeko, told the court that it was necessary to grant an adjournment of the case to allow the negotiations to continue.
The prosecutor, Mrs Bilikisu Buhari-Bala, confirmed the position to the court but added that the case be adjourned for report of settlement or an arraignment of the defendants, if the settlement talks breakdown.
The court has now adjourned the case until June 11 for report of settlement or arraignment.
