Court Dismisses N25.7bn Charge Against The Former MD Of Bank PHB Mr Atuche, Others

High Court sitting in Ikeja, Lagos State, Nigeria’s south-west region, has dismissed the 25.7 billion Naira criminal charge preferred against the former Managing Director of Bank PHB, Mr Francis Atuche.

Mr 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 25.7 billion Naira from the bank.

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

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