Friday, July 30, 2021

Ex-bank MD, Atuche sentenced to six years in jail

The judge held that the Economic and Financial Crimes Commission proved beyond reasonable doubt that the convicts committed fraud.

• June 16, 2021
Francis Atuche
Former Managing Director of the defunct Bank PHB, Francis Atuche [Photo credit: Qed.com]

An Ikeja High Court has sentenced  Francis Atuche, a former Managing Director of the defunct Bank PHB (now Keystone Bank) to six years’ imprisonment for defrauding the bank of N25.7 billion.

In a 10-hour judgment, Justice Lateefa Okunnu also sentenced Ugo Anyanwu, a former Chief Financial Officer of the bank to four years’ imprisonment.

The judge held that the Economic and Financial Crimes Commission proved beyond reasonable doubt that the convicts committed  fraud.

Okunnu, however, discharged Atuche’s wife Elizabeth, who was facing trial alongside the duo.

Details later…

More from Peoples Gazette

Minister of health Osagie Ehanire, COVID-19 patient, and Director General, NCDC, Chikwe Ihekweazu

Health

Nigeria expecting 29 million Johnson & Johnson, other COVID-19 vaccines: Health Minister

Meanwhile, Nigeria on Thursday recorded 558 new COVID-19 infections in 15 states and the Federal Capital Territory (FCT) with two deaths.

Blessing Okagbare and Grace Nwokocha

Sport

Tokyo Olympics: Okagbare, Nwokocha qualify for 100m semifinals

Nigeria’s Blessing Okagbare and Grace Nwokocha on Friday qualified for the semifinals of the women’s 100 metres event at the ongoing Tokyo 2020 Olympics.

Education

Only four per cent of northern girls completed secondary school: Report

Only four per cent of northern girls complete secondary school, says a survey by the Centre for Girl Child Education (CGE).

Kaduna State governor, Nasir el-rufai, Ibrahim El-Zakzaky and Wife, Zeenat

Rights

El-Rufai govt files fresh charges against El-Zakzaky, wife

Governor Nasir El-Rufai’s government has filed fresh charges against the leader of the Islamic Movement in Nigeria (IMN), Ibrahim El-Zakzaky, and his wife, Zeenat.

Sport

D’Tigress lose again at Tokyo Olympics

D’Tigress, Nigeria’s senior women basketball team, lose 62-87 to their French counterparts in their second preliminary round Group B fixture at the ongoing Tokyo Olympics.

Rights

Internet Fraud: Hushpuppi ally Abba Kyari blocks Peoples Gazette on Instagram

Nigeria’s deputy police commissioner Abba Kyari has blocked Peoples Gazette (@GazetteNGR) on his Instagram page, denying it access to critical public information.