Court freezes convicted banker Atuche’s N19 billion in 24 banks

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While convicting the bankers, the judge had ordered that they should make a restitution of N25.7 billion to the Federal Government to replace the funds stolen from the public to bail out the bank.

An Ikeja Division of the Lagos State High Court has ordered the freezing of assets and funds amounting to N19,178,253,050 allegedly kept in 24 banks by Francis Atuche, the convicted former Managing Director of the defunct Bank PHB.

The rest are Standard Chartered Bank, Sterling Bank Plc, Titan Trust Bank Ltd, Union Bank Of Nigeria Plc, United Bank For Africa Plc, Unity Bank Plc, Wema Bank Plc and Zenith Bank Plc. Mrs Okunnu, while sentencing the duo, had ordered that they should make a restitution of N25.7 billion to the Federal Government to replace the funds stolen from the public to bail out the bank.

She noted that the assets or funds included those held indirectly by or for Mr Atuche’s benefit, whether solely or jointly held, that is located in Nigeria or worldwide. In another order, she restrained the banks from honouring any such instruction from Mr Atuche and his privies.

 

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Efcc go kon dey eye 500k whey dey my account 😂

Abeg how many banks dey Nigeria?

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