Law News
N25.7bn: Court dismisses charge against Atuche, others

A Lagos High Court in Ikeja Monday dismissed the N25.7billion criminal charge preferred against the former Managing Director of Bank PHB, Mr. Francis Atuche, and others.

Atuche was set free alongside his wife, Elizabeth and a former Chief Financial Officer of Bank PHB, Mr. Ugo Anyanwu.

The three persons were prosecuted by the Economic Financial Crimes Commission (EFCC) for allegedly stealing N25.7 billion from the bank.

In a ruling delivered by the presiding judge, Justice Lateef Lawal-Akapo, the court held that it is duty bound to comply with the decisions of Court of Appeal in the appeal of Okey Nwosu and Erastus Akingbola.


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