Loan controversy: Onasanya’s lawyer alleges media trial, demands summons in court

Dr. Bisi Onasanya, former Group Managing Director of FirstBank, through his lawyer, Adeyinka Olumide-Fusika, SAN, at a session at the Federal High Court, Lagos, on Monday, demanded the service of proof of evidence and summons. Onasanya, a chartered accountant, is defending himself against a controversial loan that allegedly occurred at First Bank 12 years ago. […]

Dr. Bisi Onasanya, former Group Managing Director of FirstBank, through his lawyer, Adeyinka Olumide-Fusika, SAN, at a session at the Federal High Court, Lagos, on Monday, demanded the service of proof of evidence and summons.

Onasanya, a chartered accountant, is defending himself against a controversial loan that allegedly occurred at First Bank 12 years ago.

The retired banker is refuting the allegations alongside three others namely former Chairman of the bank, Chief Oba Otudeko, a former board member of Honeywell, Soji Akintayo, and a firm, Anchorage Leisure Ltd.

At a hearing at the Federal High Court in Lagos on Monday, Olumide-Fusika said his client had been subjected to media trial, saying he was not formally invited by the EFCC or served a notice of the charge.

• Kwara Senator, Mustapha, Denies leaving APC
• Again, N/Assembly summons Edun, Bagudu over N9bn allocation

He expressed surprise at seeing news stories in major newspapers linking Dr Onasanya to a trial on loan controversy during his time as First Bank Group Managing Director without prior notification.

“My Lord, it is concerning that my client has been unduly exposed to media trial without being formally served. This is a procedural anomaly that undermines his right to a fair hearing and personal dignity,” Olumide-Fusika said.

The prosecuting counsel, Rotimi Oyedepo, denied any involvement by the EFCC in the media coverage of the case.

He stated that the commission had not issued a press statement and suggested that journalists may have obtained information through other means.

“My Lord, we disassociate ourselves from any media reports,” Oyedepo said.

The EFCC also applied for an ex parte motion to issue a bench warrant for the defenders’ arrest and sought permission to serve them through substituted means, alleging they had evaded service.

Olumide-Fusika opposed the motion, arguing that his client had always been available and had not evaded service. Demonstrating his determination to clear his name, the senior lawyer prayed to the court to have the EFCC serve the charge and the proof of evidence in the open court.

“This application is unwarranted and speculative. My client has neither avoided service nor absented himself from this matter. The claims of the prosecution are baseless. Since I am here and my client is ready to go ahead with this case, I ask to be served the charge and the proof of evidence here in the court,” Olumide-Fusika argued.

Justice Chukwujekwu Aneke, who presided over the case, dismissed the EFCC’s motion for substituted service on Onasanya since he has accepted to be served in the open court.

The judge consequently ordered that the EFCC serve Olumide-Fusika the charge and proof of evidence in open court.

The EFCC complied with the directive, and Fusika who confirmed the receipt of the document extracted a confirmation from the prosecution counsel that the proof of evidence submitted is exhaustive and there wouldn’t be an addendum. The defence counsel said EFCC’s confirmation should be on record, insisting that his client was ready to defend himself and clear his name.

Justice Aneke adjourned the case to February 13, 2025.