Francis Atuche, former bank MD jailed for N25.7bn fraud, wife acquitted

Francis Atuche jailed for N25.7bn fraud, wife acquitted.

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

Read details here.