Honeywell Flour Mills Chairman, Oba Otudeko is in hot soup.

Insiders squealed to us that the Central Bank of Nigeria (CBN) has ordered him to pay about N70 billion that he is owing a popular bank within 48-hours.

Insiders added that Otudeko was living in a rented apartment on Bourdillon road, Ikoyi, Lagos and Globacom boss, Dr. Mike Adenuga bought the house and sent him packing.

We gathered that he has moved to a house on Gerard Road, Ikoyi, Lagos belonging to Pascal Dozie, former Chairman of Diamond Bank Plc.

That is not all, he was sacked recently from the Board of a big company by the CBN.