Anti-corruption and elections / EFCC

N25.7bn fraud: Supreme Court Upholds Six Year Conviction of Ex- Bank PHB, MD Atuche

The Supreme Court of Nigeria, on Friday, June 28, 2024 upheld the conviction and six-year sentence of the former Managing Director of the now defunct Bank PHB, Francis Atuche by the Court of Appeal, Lagos Division over a N25.7 billion fraud In a unanimous judgment by a five-member panel which was prepared by Justice Habeeb Abiru and delivered by Justice Moore Adumein, the apex court held that Atuche has repeatedly failed to prove beyond reasonable doubts why the concurrent judgments of the two lower courts should be tampered and upturned. “Where the finding of a trial court on the demeanour of…