Justice Lateefa Okunnu of the Lagos State High Court, Ikeja, has sentenced a former Managing Director of defunct Bank PHB Plc, Francis Atuche, to 12 years’ imprisonment for N25.7bn fraud in the bank.
Recall that the Economic and Financial Crimes Commission had in 2011 arraigned the defendants before Justice Okunnu over the N25.7bn fraud. The EFCC then approached the Supreme Court to set aside the decision of the appellate court and order trial in the matter. Okunnu further stated, “The first defendant confirmed the bank’s ownership of the money when he said the bank in lending money makes profit.
Irolopa ...it's 6 years jail term
Hmmm! -
Face of criminal ,indeed it was a loan oooooo Pls efcc let him go
Na waha ooo,why are we humans So greedy? 25.7bn You want use am bribe God?
So 1bn no do self
Like they are holy? Rubbish.
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N27bn fraud: Atuche, ex-Bank PHB MD, handed 12-year jail sentenceGood for them Nice one but what about the others pls 27b wow. Greed.
Source: Daily Trust - 🏆 13. / 51 Read more »
Court Jails Ex-Bank PHB Boss, Atuche, 126 Years For N25.7bn TheftJustice Lateefat Okunnu of the Lagos State High Court in Ikeja yesterday sentenced former managing director of defunct Bank PHB, Francis Atuche and a former Chief Financial Officer of the bank, Ugo Anyanwu, to 126 years imprisonment for stealing a N25.7billion theft belonging to the bank. 🚥 700years for Atuche 🤣🤣🤣 scarfizal Wow!!! Justice delayed not justice denied after all. Erastus Akingbola next!
Source: LeadershipNGA - 🏆 4. / 77 Read more »
BREAKING: Ex-Bank PHB MD, Atuche, Anyanwu Convicted Over N25.7bn TheftJustice Lateefat Okunnu of the Lagos State High Court in Ikeja on Wednesday convicted the former Managing Director of the defunct Bank PHB, Francis
Source: LeadershipNGA - 🏆 4. / 77 Read more »
N25.7bn Fraud: Court Sentences Ex-Bank PHB Managing Director, Atuche To Over Six Years In Prison | Sahara ReportersN25.7bn Fraud: Court Sentences Ex-Bank PHB Managing Director, Atuche To Over Six Years In Prison | Sahara Reporters In a judgment that lasted over 10 hours, Justice Lateefat Okunnu convicted Atuche alongside a former Chief Financial Officer... READ MORE: Just Six year for over 27b!!! Dem go fit wire me the billion make I go do the 6years for ham? Its ga gan for this country o The sentence will be quash at appeal or supreme court. Arrange convictions Another court will free him in no time
Source: SaharaReporters - 🏆 9. / 63 Read more »
N25.7bn fraud: Ex bank PHB Boss, Francis Atuche sentenced to 6 years in prison - Daily Post NigeriaFrancis Atuche, a former Managing Director of the defunct Bank PHB has been sentenced to 6 years in prison for stealing the sum of N25.7bn belonging to Why are we letting politicians go Scott free is not about sentencing. was the money collected from him
Source: DailyPostNGR - 🏆 11. / 59 Read more »
FG borrowed N1.3tn in four years to subsidise power consumers, firms – World Bank - Punch NewspapersThe Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. That's the change you people promised us Scams like this precedes Buhari’s dictatorship, our leaders have been borrowing to coverup their failings. Governors borrow to pay salaries rather than retrench workers. In developed countries, leaders resign in this Nigeria quagmire. Our leaders shamelessly borrowe with pride. This is a fallacy brewed to hoodwink average Nigerians. They should look for another way to cover their kleptomania. Yes, they are stealing for a joke of it
Source: MobilePunch - 🏆 8. / 63 Read more »