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.
The judge noted that though the
prosecution, in its submission, was right to
say that count one to ten of the charge was
anchored on stealing which falls within the
purview of State High Court.
However, the judge maintained that the
prosecution did not make any submission to
as whether count 11 to 27 have any nexus
with shares and stocks.
“The case on all, falls with Okey Nwosu’s
case. Count one to ten is within the armbit
of the Criminal Laws of Lagos State
because it deals with stealing. Counsel to
the Commission did not make any
submission to as whether count 11 to 27
have any nexus with shares and stocks. The
criminal charge is hereby struck out and the
accused persons are hereby discharges. ”
the judge ruled.
Details soon.
#haryorolar


http://www.chinnysblog.com/2015/06/breaking-news-court-frees-ex-bank-phb.html?m=1

Cc@Chinnysblog

Na so e go be?

Ghen ghen!!

Yesterday news

stale

heard you

Ok

?

Sanusi destroyed Southern banks but allowed Unity bank that had the same issue with PHB to continue

Bad bele

Billions were disappearing right in front of Sanusi yet he did nothing, he chose to see the speck in other peoples eye and forgot the log in his own eye.
Where was Sanusi when these billions were being carted away?

The triumph of good over evil

Atuche and co! You ve fought a good fight.....welcome home.
You were a victim of an 'economic hit-man' and internal tyrany,induced by prejudice. Some of us spoke up but the powers that be,held tight to the ideas of the old evil block. light shall always triumph over darkness,no matter how long it takes. once again,welcome home.

In APC's voice *This government is corruption friendly*. How can they free him? Lols. Hope they don't blame GEJ for this because there was no 'empirical evidence' that the man stole. When EFCC didn't do their job well, they blamed Jonathan. I hope the body language of PMB is of the one that is fighting kworuption so far?