The Lagos State High Court sitting in Ikeja has ordered the freezing of the assets and funds to the tune of N19, 178, 253,050 belonging to a convicted former Managing Director of the defunct Bank PHB Plc, Francis Atuche. Justice Lateefat Okunnu gave the order on Tuesday, August 31, 2021, following an ex parte application…
Tags: Francis Atuche
Ex-Bank PHB MD, Atuche Jailed Six Years For N25.7bn Fraud
After 12 years of trial that witnessed many twists and turns, the Economic and Financial Crimes Commission, EFCC, on Wednesday, June 16, 2020, finally secured the conviction and sentencing of Francis Atuche, a former Managing Director of the defunct Bank PHB Plc (now Keystone Bank), to six years imprisonment for N25.7bn fraud before Justice Lateefat…