[Download Judgment] How Judge Convicted Former Bank PHB Boss Atuche Of ₦25.7 Billion Fraud

An Ikeja Division of the Lagos State High Court on Wednesday
convicted the former managing director of Bank PHB, Francis Atuche,
and the bank’s former chief financial officer, Ugo Anyanwu, of
₦25.7 billion fraud.

They 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.

While Mr Atuche was sentenced to six years in prison, Mr Anyanwu
got four years.

Mr Atuche’s wife, Elizabeth, who faced trial alongside the duo,
was, however, found not guilty of the two counts of conspiracy and
stealing brought against her.

Click here to download in PDF
FORMAT^[1]

An Ikeja Division of the Lagos State High Court on Wednesday
convicted the former managing director of Bank PHB, Francis Atuche,
and the bank’s former chief financial officer, Ugo Anyanwu, of
₦25.7 billion fraud.

They 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.

While Mr Atuche was sentenced to six years in prison, Mr Anyanwu
got four years.

Mr Atuche’s wife, Elizabeth, who faced trial alongside the duo,
was, however, found not guilty of the two counts of conspiracy and
stealing brought against her.

Click here to download in PDF
FORMAT^[1]