Tag: #Banking
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Bank PHB ex-MD Atuche Jailed 12 Years For N25.7bn Fraud
A former Managing Director of defunct Bank PHB Plc, Francis Atuche, has been sentenced to 12 years’ imprisonment for N25.7bn fraud in the bank, Justice Lateefa Okunnu of the Lagos State High Court, Ikeja. The bank’s former Chief Financial Officer, Ugo Anyanwu, was sentenced to 10 years’ imprisonment for stealing and conspiracy to steal, while…
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EFCC ORDES BANKS TO REGULATE MOBILE MONEY OPERATORS
The Economic and Financial Crimes Commission has ordered banks operating across the country to implore strict mechanisms in order to regulate and monitor activities of Mobile Money/Point of Sale Operators. The Head of the Gombe Zonal Office, Babashani Sanda, gave the charge on Thursday while receiving the Controller of Central Bank of Nigeria in Gombe…