Why Ex-bank MD Sentenced To 6 Years On Jail
Why ex-bank MD sentenced to 6 years in jail, it has been reported that the judge held that the Economic and Financial Crimes Commission proved beyond reasonable doubt that the convicts committed fraud.
Former Managing Director of the defunct Bank PHB, Francis Atuche, Francis Atuche.
An Ikeja High Court has sentenced Francis Atuche, a former Managing Director of the defunct Bank PHB (now Keystone Bank) to six years’ imprisonment for defrauding the bank of N25.7 billion.
In a 10-hour judgment, Justice Lateefa Okunnu also sentenced Ugo Anyanwu, a former Chief Financial Officer of the bank to four years’ imprisonment.
The judge held that the Economic and Financial Crimes Commission proved beyond reasonable doubt that the convicts committed fraud.
Okunnu, however, discharged Atuche’s wife Elizabeth, who was facing trial alongside the duo.
Details later…
Ex-bank MD Sentenced To 6 Years On Jail.
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