Supreme Court affirms conviction of ex-bank PHB MD, Atuche

After 13 years of back and forth, the Supreme Court, this Friday morning, confirmed the former Managing Director of the now-defunct Bank PHB Plc, Francis Atuche's conviction. Justice Moore Adumein, in a unanimous judgment, stated that Atuche did not challenge the trial court and the Court of Appeal's assessment of his credibility.

recalls that in 2011, Atuche, along with his wife Elizabeth and Ugo Anyanwu, faced charges from the EFCC before Justice Lateefat Okunnu of the Lagos High Court, with representation from Senior Advocate of Nigeria, Dr Kemi Pinheiro on behalf of the EFCC. The trio faced charges related to a N25.7 billion fraud, with Justice Okunnu delivering a lengthy 12-hour judgment on June 16, 2021.

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