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Tag: N25.7 billion

Lagos High Court sentences defunct...

Justice Lateefa Okunnu of the Ikeja Division...

Lagos High Court sentences defunct Bank PHB MD, Atuche over N25.7 billion theft

Justice Lateefa Okunnu of the Ikeja Division of the Lagos State High Court on Wednesday sentenced Francis Atuche, the former managing director of the defunct Bank PHB, to six years in prison for stealing N27 billion. The bank’s former chief financial officer, Ugo Anyanwu was also sentenced to six years in prison. In a judgment that lasted over 10 hours, Justice Okunnu convicted the duo on 21 of the 27-count amended charge of conspiracy to commit a felony and stealing brought against them by the Economic and Financial Crimes Commission (EFCC). Justice...
Salim Sani -
Crime

Lagos High Court...

Justice Lateefa Okunnu of the Ikeja Division of the Lagos State High Court on Wednesday sentenced Francis Atuche, the former managing director of the...
Salim Sani -
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