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Nairaland Forum / Nairaland / General / Politics / Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud (683 Views)
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Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by chinysblog: 6:18am On Jun 23, 2015 |
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
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Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by volterra(m): 6:19am On Jun 23, 2015 |
Na so e go be? |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by Sylverbox(m): 6:20am On Jun 23, 2015 |
Ghen ghen!! |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by INTROVERT(f): 6:20am On Jun 23, 2015 |
Yesterday news |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by biznus: 6:24am On Jun 23, 2015 |
stale |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by Nobody: 6:27am On Jun 23, 2015 |
Do we really blame the legal system or the EFCC and co for poorly presentation of their cases. |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by yhemsy62(m): 6:28am On Jun 23, 2015 |
heard you |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by madridguy(m): 6:35am On Jun 23, 2015 |
Ok |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by Emeskhalifa(m): 6:36am On Jun 23, 2015 |
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Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by Nobody: 6:39am On Jun 23, 2015 |
Sanusi destroyed Southern banks but allowed Unity bank that had the same issue with PHB to continue 1 Like 1 Share |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by bewla(m): 6:48am On Jun 23, 2015 |
Bad bele |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by ShineuEye: 6:51am On Jun 23, 2015 |
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? 1 Like 1 Share |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by mcino: 7:02am On Jun 23, 2015 |
The triumph of good over evil |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by AustineE1: 7:40am On Jun 23, 2015 |
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. |
Re: Breaking News: Court Frees Ex-bank PHB Boss Atuche Others; Dismisses N25bn Fraud by Agwoden(m): 12:27pm On Jun 23, 2015 |
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? |
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