Tag: #Financial Crimes
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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…