N25.7bn fraud: Appeal court affirms conviction of Atuche, ex-Bank PHB boss | TheCable

Bolanle OlabimtanThe Lagos division of the court of appeal has affirmed the conviction of Francis Atuche, a former managing director of Bank PHB over N25.7 billion fraud.

The court, in its judgment delivered on Thursday, also affirmed the conviction of Ugo Anyanwu, Atuche’s accomplice and co-convict who was the bank’s former chief financial officer.The EFCC initially declared Atuche wanted over an alleged fraud of N56 billion, after which he was detained for interrogation at the Ikoyi office of the commission.The EFCC had later arraigned Atuche, his wife, Elizabeth, and Anyanwu for their involvement in a N25.7 billion fraud.

Atuche must pay for his crimes. You can't play with depositors monies and go scot free.

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