June 17, 2021
25 Views

Ex-bank chief bags six years jail term for N25.7bn fraud

Posted by News Express | 17 June 2021 | 313 times

Gmail icon


•Jailed former Bank PHB (now Keystone Bank) MD, Francis Atuche

An Ikeja High Court in Lagos has sentenced Francis Atuche, a former Managing Director of the defunct Bank PHB (now Keystone Bank) to six years’ imprisonment for defrauding the bank of N25.7 billion.

In a 12-hour judgment, Justice Lateefa Okunnu also sentenced Ugo Anyanwu, a former Chief Financial Officer of the bank to four years’ imprisonment.

The judge held that the Economic and Financial Crimes Commission proved beyond reasonable doubt that the convicts committed fraud.

Okunnu, however, discharged Atuche’s wife Elizabeth, who was facing trial alongside the duo. (NAN)


Source: News Express


Readers Comments

0 comment(s)

No comments yet. Be the first to post comment.


You may also like…

You may be interested

News
25 views

    An Ikeja High Court in Lagos has sentenced Francis Atuche, a former Managing Director…

- June 17, 2021

Ex-bank chief bags six years jail term for N25.7bn fraud Posted by News Express | 17 June 2021 | 313…

Lawyers Embark On 3-day Court Boycott Over Killing Of Colleague
News
21 views
News
21 views

Lawyers Embark On 3-day Court Boycott Over Killing Of Colleague

- September 21, 2021

Members of the Nigerian Bar Association in Imo State have commenced a three-day boycott of the courts in protest of…

Church Denies Founder Died Of COVID-19 Complications
News
19 views
News
19 views

Church Denies Founder Died Of COVID-19 Complications

- September 21, 2021

Contrary to rumour making the rounds that the founder of Victorious Army Ministry International Church, the late Apostle Joseph Dominic…

Leave a Comment