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He is 81 years old. His mother was a business woman. He studied at St. Little School of Management.

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Oba Otudeko began his career at Cooperative Bank in Ibadan at the age of 17 as an accounts clerk. He completed his Fellowship of the Chartered Institute of Bankers and was promoted to manager by age Following his retirement, the Federal government of Nigeria appointed him a Director to the Board of the Central Bank of Nigeria from to In the s, Oba Otudeko founded Honeywell Enterprises.

The company began as a trading company, importing and exporting essential goods, such as dairy products, stock fish, glass, and steel rods into the country. The trading enterprise company later grew into Honeywell Group, a dynamic investment holding company with diversified interests spanning food manufacturing, oil, gas and energy services, telecommunications, financial services, hospitality, and real estate.

Reports indicate that Otudeko, the former chairman of First Bank of Nigeria FBN , exited the country via a land border, being dropped off at the Nigeria-Benin border on Thursday evening by a family member. Earlier the same day, the EFCC filed charges against Otudeko and three other individuals at the federal high court in Lagos, accusing them of obtaining a N30 billion loan under false pretenses.

In response to the allegations, Otudeko, through Olasumbo Abolaji, the general counsel of Honeywell Group, refuted the claims, stating he had not received any official invitation regarding the matter. Otudeko stated he has never served in an executive capacity within FBN Holdings or its banking subsidiary, First Bank of Nigeria Limited, and thus had no operational responsibility in the organization.

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