Appeal Court Affirms Ex Bank PHB Atuche’s Conviction Over N25.7bn Fraud

Appellate Court speaks on report of Atuche’s 120 years jail term The Court of Appeal sitting in Lagos Thursday affirmed the conviction of a former Managing Director of the defunct Bank PHB Plc, Francis Atuche, for N25.7biillion fraud. The court also affirmed the conviction of Atuche’s accomplice and co-convict, Ugo Anyanwu, who was the bank’s former Chief Financial Officer. The three-man panel of the court comprising Justices Sadiq Umar, Adebukola Banjoko and Kayode Bada, upheld in part, the June 16, 2021 judgment of Justice Lateefa Okunnu of the Lagos State…

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