The Court of Appeal sitting in Lagos has affirmed the conviction of a former Managing Director of the defunct Bank PHB Plc, Francis Atuche, for N25.7biillion fraud.

The court also affirmed the conviction of Atuche’s accomplice and co-convict, Ugo Anyanwu, who was the bank’s former Chief Financial Officer.

It also affirmed the acquittal of Atuche’s wife, Elizabeth.

The three-man panel of the court upheld in part, the June 16, 2021 judgment of Justice Lateefa Okunnu of the Lagos State High Court, Ikeja.

On September 2, 2021, the Ikeja High Court also ordered the freezing of assets and funds amounting to N19,178,253,050 allegedly kept in 24 banks by Atuche.

The council of state in April rejected Atuche’s request for pardon.

His name was among the 162 names presented to the council of state for clemency, but it did not make the final list of 159 offenders granted pardon.

______________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation ________________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence

Interested buyers are encouraged to place their orders and enquiries via: 0704 444 4777, 0704 444 4999, 0818 199 9888 Website: www.alexandernigeria.com

_______________________________________________________________________