N25.7bn fraud: Ex-Bank PHB MD sentenced to 6 years imprisonment
N25.7bn fraud: Ex-Bank PHB MD sentenced to 6 years imprisonment There was a tense atmosphere in an Ikeja High Court on Wednesday night as Francis Atuche, a former Managing Director of Bank PHB, begged Justice Lateefa Okunnu not to send him to prison following his conviction for defrauding the bank of N25.7 billion. Mr Atuche and Ugo Anyanwu, a former Chief Financial Officer of the bank, were both found guilty of 22 of the 27 counts of conspiracy and stealing charge proffered against them by the Economic and Financial Crimes Commission, EFCC, in 2011. The News Agency of Nigeria reports…
