{"id":122527,"date":"2024-06-29T12:16:00","date_gmt":"2024-06-29T11:16:00","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/supreme-court-affirms-ex-bank-phb-md-atuches-six-year-prison-sentence-for-fraud"},"modified":"2024-06-29T13:26:30","modified_gmt":"2024-06-29T12:26:30","slug":"supreme-court-affirms-ex-bank-phb-md-atuches-six-year-prison-sentence-for-fraud","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/supreme-court-affirms-ex-bank-phb-md-atuches-six-year-prison-sentence-for-fraud","title":{"rendered":"Supreme Court affirms ex-Bank PHB MD, Atuche\u2019s six-year prison sentence for fraud"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Supreme Court on Friday upheld the conviction of a former managing director of Bank PHB, Francis Atuche.<\/p>\n<p>Justice Lateefat Okunnu of the Lagos State Special Offences Court, Ikeja, on June 2021 sentenced Atuche to six years imprisonment for N25.7 billion fraud.<\/p>\n<p>The Economic and Financial Crimes Commission (EFCC) arraigned the ex-banker, his wife, and Bank PHB\u2019s chief financial officer, Ugo Anyanwu, on multiple fraud charges.<\/p>\n<p>The two other convicts were sentenced to four years imprisonment each.<\/p>\n<p>The Court of Appeal had also upheld their convictions.<\/p>\n<p>Dissatisfied with the rulings, Atuche approached the apex court for a reprieve.<\/p>\n<p>In Friday\u2019s proceeding, Justice Moore Adumein, who read the judgement, said Atuche failed to explain why the previous rulings should be set aside.Balanced, fearless journalism driven by data comes at huge financial costs.<\/p>\n<p>As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.<\/p>\n<p>If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.<\/p>\n<p>Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Supreme Court on Friday upheld the conviction of a former managing director of Bank PHB, Francis Atuche. Justice Lateefat Okunnu of the Lagos State Special Offences Court, Ikeja, on June 2021 sentenced Atuche to six years imprisonment for N25.7 billion fraud. The Economic and Financial Crimes Commission (EFCC) arraigned the ex-banker, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":122526,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[13934,13933,343,254,620],"class_list":["post-122527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-atuche","tag-ex-bank-phb-md","tag-fraud","tag-nigeria","tag-supreme-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Supreme Court affirms ex-Bank PHB MD, Atuche\u2019s six-year prison sentence for fraud - Nigeria<\/title>\n<meta name=\"description\" content=\"The Supreme Court on Friday upheld the conviction of a former managing director of Bank PHB, Francis Atuche. 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