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N25.7bn Fraud: Court Frees Francis Atuche - Business - Nairaland

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Igho Sanomi Named In Alison-Madueke & Kola Aluko's $1.7bn Fraud / Rolls-royce Loses $5.7bn To Corruption In Nigeria And Other Countries / EFCC To Re-arraign Ex-mds Akingbola, Atuche, Nwosu(alleged Fraud) (2) (3) (4)

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N25.7bn Fraud: Court Frees Francis Atuche by metronaija: 12:49pm On Jun 22, 2015
A Lagos High Court sitting in Ikeja today freed the former Managing Director of defunct Bank PHB, Francis Atuche who is standing trial for allegedly stealing N25.7 billion.

Atuche and his wife, Elizabeth, were standing trial over alleged theft of N25.7 billion belonging to the bank (now Keystone Bank). They are being prosecuted alongside a former Chief Financial Officer of the bank, Ugo Anyanwu.

In September 2014, Atuche denied the theft charge preferred against him by the Economic and Financial Crimes Commission (EFCC).

The former bank chief had said that he could not engage in theft as a member of Catholic faith.

He also told the court how he grew a mortgage finance company — Pinnacle Investment Ltd — and transformed it into Platinum Bank Plc.

Atuche said the bank had to merge with Habib Bank following the mandatory N25 billion recapitalisation policy of the Central Bank of Nigeria under the former Governor, Prof. Charles Soludo.

According to him, the merger gave birth to Bank PHB which became one of the strongest banks in Nigeria while he was the Chief Executive Officer
http://www.metronaija.com/2015/06/n257bn-fraud-court-frees-francis-atuche.html

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Re: N25.7bn Fraud: Court Frees Francis Atuche by metronaija: 12:50pm On Jun 22, 2015
http://www.metronaija.com/2015/06/n257bn-fraud-court-frees-francis-atuche.html
Re: N25.7bn Fraud: Court Frees Francis Atuche by Aminat508(f): 12:53pm On Jun 22, 2015
Nawao

1 Like

Re: N25.7bn Fraud: Court Frees Francis Atuche by stobery(m): 12:54pm On Jun 22, 2015
chanji

6 Likes 1 Share

Re: N25.7bn Fraud: Court Frees Francis Atuche by bash4us(m): 12:54pm On Jun 22, 2015
Another culprit freed!

6 Likes

Re: N25.7bn Fraud: Court Frees Francis Atuche by seunmsg(m): 1:01pm On Jun 22, 2015
Shame on EFCC. They just can't get any conviction against a big man in Nigeria.

6 Likes 1 Share

Re: N25.7bn Fraud: Court Frees Francis Atuche by JKisOK(m): 9:13pm On Jun 22, 2015
seunmsg:
Shame on EFCC. They just can't get any conviction against a big man in Nigeria.

The Judge must have found that the case lacked merit, more like witch-hunting. This is because, long before he was announced as CBN Governor, Vanguard publication of 23rd March 2009 wrote an expose. A section of the country had plotted the appointment of a new CBN Gov who would change the bank-ownership balance in the country. Only the simple-minded and undiscerning got carried away with all that happened under Sanusi Lamido. The bankers were no angels, no. But Sanusi was on a mission to wipe out SS/SE/SW-ownership banks and hand some of them to his Northern cronies and paymasters. He succeeded. While he played to the gallery with the mob arrest and prosecution of these bankers, he and his cohorts actually laughed secretly, taking over the juiciest of these banks, e.g. Intercontinental and Oceanic. Poor, kobo-kobo shareholders were made the sacrificial lambs, the real losers. Sanusi abused his office as CBN Governor. Just that until he became a direct victim, President Goodluck Jonathan was slow giving the boot to the derriere of our Most Confused/Bigoted/ Prejudiced/Tribalistic/Sharia-Minded CBN Governor.

80 Likes 12 Shares

Re: N25.7bn Fraud: Court Frees Francis Atuche by pretydiva(f): 7:13am On Jun 23, 2015
M not surprise. Dis is naija 4 u. D guilty ones r always set free
Re: N25.7bn Fraud: Court Frees Francis Atuche by UnknownT: 7:13am On Jun 23, 2015
No reason was given for his "Freedom"? Well, I trust EFCC to institute fresh charges against him.........at least to save face

3 Likes

Re: N25.7bn Fraud: Court Frees Francis Atuche by kodded(m): 7:13am On Jun 23, 2015
I thought buhari administration will not tolerate any form of corruption .......... SmH




"People thought they've finally seen the light at the
end of the tunnel... They didn't know it was an
approaching train"..........HERALD9



embarassed

13 Likes 3 Shares

Re: N25.7bn Fraud: Court Frees Francis Atuche by DJEhimond(m): 7:13am On Jun 23, 2015
Court just freeing everybody. Bia PMB, is this part of what you promised us?

3 Likes

Re: N25.7bn Fraud: Court Frees Francis Atuche by Nobody: 7:13am On Jun 23, 2015
E be like kworruption go plenty in dis dogoyaro tenure.baba one chance

1 Like

Re: N25.7bn Fraud: Court Frees Francis Atuche by Hollawaley(m): 7:14am On Jun 23, 2015
Am allergic to long posts
Re: N25.7bn Fraud: Court Frees Francis Atuche by igbsam(m): 7:14am On Jun 23, 2015
just like that.
Re: N25.7bn Fraud: Court Frees Francis Atuche by AnneMomoh: 7:14am On Jun 23, 2015
kodded:
Ff

foward forever?

1 Like

Re: N25.7bn Fraud: Court Frees Francis Atuche by mekybabe1: 7:14am On Jun 23, 2015
Na wah o. Some people are making cool cash and getting away with it. Hmmmm...diaris God o! Chai!

1 Like

Re: N25.7bn Fraud: Court Frees Francis Atuche by Feranmicharles(m): 7:14am On Jun 23, 2015
[size=15]Buhari[/size] come see oshocked abi na the change you promised be dis
Re: N25.7bn Fraud: Court Frees Francis Atuche by AnneMomoh: 7:14am On Jun 23, 2015
onyedikachukwue:
,

comma?

1 Like

Re: N25.7bn Fraud: Court Frees Francis Atuche by kazmanbanjoko(m): 7:15am On Jun 23, 2015
Live and let live

1 Like 1 Share

Re: N25.7bn Fraud: Court Frees Francis Atuche by hotswagg12: 7:15am On Jun 23, 2015
Okay
Re: N25.7bn Fraud: Court Frees Francis Atuche by Sweetguy25: 7:15am On Jun 23, 2015
Shame on you Sanusi

9 Likes 3 Shares

Re: N25.7bn Fraud: Court Frees Francis Atuche by Nobody: 7:15am On Jun 23, 2015
The law is for the less privilege.
Re: N25.7bn Fraud: Court Frees Francis Atuche by Yomboy4ever(m): 7:15am On Jun 23, 2015
metronaija:
http://www.metronaija.com/2015/06/n257bn-fraud-court-frees-francis-atuche.html
My country my country ....
Re: N25.7bn Fraud: Court Frees Francis Atuche by wildchild1: 7:16am On Jun 23, 2015
All this corruption cases that are being dismissed in this new dispensation, na wa oo

In other news,30 pairs of TOMS remaining, size 39/40 only https://www.nairaland.com/2392439/100-pairs-toms-unisex-shoes
Re: N25.7bn Fraud: Court Frees Francis Atuche by AnneMomoh: 7:16am On Jun 23, 2015
wildchild1:
.

dot?
Re: N25.7bn Fraud: Court Frees Francis Atuche by Echelle(m): 7:16am On Jun 23, 2015
congrats to him ooo.... dont believe anyone would be set free in this probing period.... Buhari kindly fight another thing u can defeat instead of dis kwarruftion u choose. Corruption is like further maths and field theory... Too hard for u

1 Like

Re: N25.7bn Fraud: Court Frees Francis Atuche by maverickdude(m): 7:17am On Jun 23, 2015
immune to prosecution
Re: N25.7bn Fraud: Court Frees Francis Atuche by AroOkigbo(m): 7:18am On Jun 23, 2015
If you can't beat them, you join them. Congrats Atuche. . next on the movie...sue toothless EFCC and ask for billions in compensation. ##character assassination## . wetin una want make I talk?
Re: N25.7bn Fraud: Court Frees Francis Atuche by frankzone: 7:18am On Jun 23, 2015
Al last!

1 Like

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