Tag: francis atuche
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Appeal court reduces Francis Atuche’s jail term to eight years
A three-man panel of the Court of Appeal, Lagos Division, has upheld the conviction of a former Managing Director of the defunct Bank PHB Plc, Francis Atuche, and reduced his jail term from 10 years to eight years. Apart from not setting aside Atuche and the bank’s former Chief Financial Officer, Ugo Anyanwu, the court…
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Atuche: Court discharges Etuh of complicity in money laundering
The Lagos State High Court, presided over by Justice L.A. Okunnu has discharged Mr. Thomas Etuh of complicity in the money laundering
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N25.7bn Theft: Court freezes N19.1bn kept in 24 banks by convicted ex-MD of defunct BankPHB
The Lagos High Court sitting in Ikeja has made an order freezing assets and funds totalling about N19billion, allegedly kept in 24 banks by a convicted former Managing Director of the defunct Bank PHB, Francis Atuche.
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Ex-BankPHB MD, CFO jailed 10 years; to refund N25.7bn to FG
A Lagos High Court sitting in the Ikeja area has sentenced former managing director of defunct Bank PHB, Francis Atuche to over 6 years in prison. In a judgment that lasted over 10 hours, Justice Lateefat Okunnu convicted Atuche alongside a former Chief Financial Officer of the bank, Ugo Anyanwu. The two were convicted on…
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N25.7bn alleged fraud: Francis Atuche in fresh trouble, as S’Court revives his six-year-old trial
The former Managing Director, Bank PHB Plc, now Keystone Bank Plc, Mr. Francis Atuche is in fresh trouble as the Supreme Court on Wednesday revived his six-year-old trial involving his wife, Elizabeth, who were accused of stealing about N25.7bn belonging to the bank. A five-man bench of the Supreme Court led by Justice Dattijo Muhammad…