N25.7bn: Court frees former Bank PHB MD, Francis Atuche, others
Former Managing Director of defunct Bank PHB Francis Atuche, his wife
Elizabeth and former Chief Financial Officer of Bank PHB, Mr. Ugo
Anyanwu, who have been standing trial for a N25.7 billion fraud case
brought against them by the EFCC were freed by a Lagos High Court in
Ikeja today June 22nd. The three were accused of stealing the bank funds
while Atuche was the MD of the bank.
According to Vanguard, the presiding judge, Justice Lateef Lawal-Akapo,
said the court held that it is duty bound to comply with the decisions
of Court of Appeal in the appeal of Okey Nwosu & Erastus Akingbola.