Atuche, former Bank PHB MD sentenced to 6 years imprisonment for N25.7b fraud
A former Chief Financial Officer of the bank, Ugo Anyanwu, was also sentenced to four years imprisonment.
Francis Atuche sentenced to six years imprisoment (Thisday)
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Atuche was convicted for defrauding the bank of N25.7 billion.
A former Chief Financial Officer of the bank, Ugo Anyanwu, was also sentenced to four years imprisonment.
In a 10-hour judgment, Justice Lateefa Okunnu held that the Economic and Financial Crimes Commission (EFCC) proved beyond reasonable doubt that the accused persons committed fraud.
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The court, however, discharged Atuche’s wife Elizabeth, who was facing trial alongside the duo.
Details later…
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