Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,757,298 members, 6,552,812 topics. Date: Saturday, 23 October 2021 at 03:36 PM

Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD (21960 Views)

Court Convicts Bank PHB's Francis Atuche, Ugo Anyanwu Of ₦25.7 Bilion Theft / Emefiele: CBN Will Seize Private Jets Belonging To Loan Defaulters / Ghanaian Traders Lock Shops Belonging To Nigerians & Other Foreigners (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by stephanie11: 6:47pm On Sep 02
POLITICSNIGERIA.COM

Justice Lateefat Okunnu of the Lagos State High Court sitting in Ikeja, has ordered the freezing of the assets and funds to the tune of N19,178,253,050 belonging to a convicted former Managing Director of the defunct Bank PHB Plc, Francis Atuche.

POLITICS NIGERIA learned that the Judge gave the order on Tuesday, August 31, 2021, following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC, on August 17, 2021. The funds, investigation showed, were domiciled in 24 different banks in Nigeria, including Citi Bank Limited; Ecobank Nigeria Limited; First Bank of Nigeria Plc; First City Monument Bank (FCMB); Globus Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; Lotus Bank Limited and Mainstreet Bank Plc.

Others are: Polaris Bank Plc; Platinum Mortgage Bank Limited; Providus Bank Limited; Stanbic IBTC Nigeria Limited; Standard Chartered Bank; Sterling Bank Plc; Wema Bank Plc; Zenith Bank Plc; Unity Bank Plc; Titan Trust Bank Limited, Union Bank of Nigeria Plc and others.

Moving the application, counsel to the EFCC, Kemi Pinheiro, SAN, told the court that 15 persons as well as 22 firms were used by Atuche and his co-respondent, Ugo Anyanwu, a former Chief Financial Officer of the bank, to launder the funds.

Pinheiro listed the individuals to include Anthony Atuche, Emeka Patrick Atuche, Paul Okobi, Felix Oyiana, Moruf Kazeem Adisa, Olatunji Abiodun, Daniel Enebeli, Aina Olugbenga, Augustine Nwabueze, Omonua Benedict, Oliver King Nduaaron, Dr. Chris Ike Ogbechie, Mr. Murat Bektaslar, Attah Omataikpo Olukemi and Thomas Etuh.

The EFCC counsel further stated that the firms, in which Atuche has either direct or indirect interest are: Aqua Harvest Limited, Hubmart Stores Limited, Hubmart Limited, Sapphire Capital Management Limited, Homeland Real Estate Company Limited, Malechi Foods Limited, Homeland Meridian Partners Limited, Promise Investment Limited and Temple Cottage Hotel Limited.

Others are: Wegas Properties Project Limited, Buckhead Construction Limited, Claremount Management Services Limited, Afco Associates Limited, Platinum Capital Limited, Ghazali Yakubu Investment Limited, The Financial (Services) Company Limited, Venture Resources Limited, Elizabeth-A Company Limited, Signature Partners Limited, Purplepay Technologies Limited, Oakwood Asset Management Limited and Conesto Nigeria Limited.

Justice Okunnu granted the 12 prayers of the applicant and held that “An order is made restraining the 1st defendant (Atuche) whether by himself, or acting through the persons or entities listed or such other persons including but not limited to his family members or agents, from removing, alienating, disposing of, dealing with or diminishing the value of assets, proceeds of economic and financial crimes or otherwise in the name of the 1st defendant.”

The Judge also held that “the assets or funds included those held indirectly by or for Atuche’s benefit, whether solely or jointly held, that are located in Nigeria or worldwide.”

Justice Okunnu further ordered the freezing of any bank account being run and operated by Atuche “personally or jointly, whether in his personal name or otherwise or with the Bank Verification Number (BVN) 22295357230 in any of the respondent banks to the tune of N19, 178, 253, 050 billion, pursuant to the Restitution Order made by this Honourable Court on June 16, 2021.”

Atuche and his privies, including his lawyers, were also barred from presenting to the above listed banks “any mandate or instruction for the withdrawal of any money and/or funds standing to the credit of any of their accounts to the tune of N19, 178, 253. 050 billion.”

Justice Okunnu, who also restrained the banks from honouring any such instruction from Atuche and his privies, further held that “ A mandatory order of injunction is made directing the named respondent banks to file within 48 hours of service of this Order of this Honourable Court on them returns of the Statements of Account of the 1st Defendant (personally or jointly) whether in his personal name or otherwise or with the Bank Verification Number: 22295357230 and the accounts of persons and entities listed in the afore mentioned Schedules A and B maintained with them.

“A further order is made directing service of the Order made herein on persons affected thereby including, in particular, the persons and entities listed in Schedules A and B. by way of advertisement in either The Punch or Thisday or The Guardian newspaper.”

Justice Okunnu had, in June this year, sentenced Atuche to six years imprisonment and Anyanwu four years for stealing and conspiracy to steal to the tune of N25.7bn.

The judge, while sentencing the duo, had ordered them to make a restitution of the sum of N25.7bn to the Federal Government to replace the funds stolen from the public to bail out the bank.

https://politicsnigeria.com/breaking-court-freezes-n19-1-billion-belonging-to-ex-bank-ph-md-francis-atuche/

8 Likes 3 Shares

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by PrinceOfLagos: 6:51pm On Sep 02
When will court freeze Tinubu's trillions of naira in banks and bullion van he got through questionable means

45 Likes 5 Shares

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Taich(m): 6:55pm On Sep 02
Bank PHB that year, one day cars will run on water.

113 Likes 4 Shares

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by GOFRONT(m): 7:14pm On Sep 02
See yams....Now I know where Bobrisky got those wads of dollar bill from on her birthday.

Btw, which one be Globus bank again?.....na Globacom get am? I bet my ball say if you check some piggy banks, this Francis Atuche has some money there.

3 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by SarkinYarki: 7:17pm On Sep 02
Na wa oo
Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by DoctorDree(m): 7:19pm On Sep 02
Everybody na thief

6 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by culf: 7:29pm On Sep 02
oboy, this one get account for almost all the banks be that.

14 Likes 1 Share

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by yinkus6750(m): 7:39pm On Sep 02
Bank MD, busy forming Dangote with depositors money.
Thank God for CBN policy, the bank could have crashed with people's money.

11 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by hedonido: 7:48pm On Sep 02
yinkus6750:
Bank MD, busy forming Dangote with depositors money.
Thank God for CBN policy, the bank could have crashed with people's money.

Story. Don't be ignorant. Most of the top surviving banks, the MDs of same set with him, are richer than him. Access (AIG), UBA (Tony), Zenith (Jim), etc. All of them were into same mago mago shit. These guys would surely have 100s of billions compared to Atuche's 'peanuts'.

Trust me, Bank PHB, Oceanic, Intercontinental, etc wouldn't have crashed anything. Their CEOs were just dealt with because they weren't padi padi with the powers that be, or they stepped on toes, or transgressed in high places.

104 Likes 11 Shares

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Whats: 7:56pm On Sep 02
Taich:
Bank PHB that year, one day cars will run on water.
Lol you remember that advert

17 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by BritishAirways: 7:57pm On Sep 02
Chai. Truely there is money in this country but my account red pass anything.

4 Likes 1 Share

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by daddytime(m): 8:01pm On Sep 02
All these banks dey Naija?

Thief Atuche who stole poor depositors funds and betrayed their trusts.

3 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Sabadon(m): 8:02pm On Sep 02
Good better........bank PHB


In this life fame is ephemeral, just utilise the spotlight while it lasts, bank phb of that year

2 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Authoreety: 8:02pm On Sep 02
Igbuzo

Wow! Good to see him again... His son was my classmate back then in SPC that year.. Stinckingly rich kid.

12 Likes 1 Share

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by prowriterss: 8:02pm On Sep 02
Hmmm.

Contact me guys

1 Like

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Ekeseges(f): 8:02pm On Sep 02
And hunger wan kill somebori
Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Patrioticman007(m): 8:03pm On Sep 02
yinkus6750:
Bank MD, busy forming Dangote with depositors money.
Thank God for CBN policy, the bank could have crashed with people's money.

Na dem, Dotians..... & fraud are 5 & 6........very soon they will turn it to tribal war, because the criminal is Igbo, that's why they freezed his 19 Billion, forgetting that the fraud money was stolen from, the tribes of the zoo.

8 Likes 4 Shares

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Sharon6(f): 8:03pm On Sep 02
Only one person with over 19billion! Gawd! And people are still living below 1k per day in this our Nigeria.. It is well o

8 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Damsyjay(m): 8:03pm On Sep 02
This one choke
Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Kobicove(m): 8:03pm On Sep 02
This guy is an outstanding thief! angry

2 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by dynicks(m): 8:03pm On Sep 02
This money must be made by fire by force!!

8 Likes 1 Share

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by SimplyFacts: 8:03pm On Sep 02
#19.1B?

Life no balance

11 Likes 1 Share

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by naijadrivablog: 8:04pm On Sep 02
Wow! Awa money

1 Like

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by dontro(m): 8:04pm On Sep 02
Massive Money
Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Okunga: 8:04pm On Sep 02
stephanie11:
POLITICSNIGERIA.COM



https://politicsnigeria.com/breaking-court-freezes-n19-1-billion-belonging-to-ex-bank-ph-md-francis-atuche/


These niggurs are Wilding in the jungle call Naija… Eee figures bro
Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by kweensheba(f): 8:04pm On Sep 02
What a loss.


But then, crime does not pay.
Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by success1smyn(m): 8:04pm On Sep 02
Ok
Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by dex4sure: 8:04pm On Sep 02
Omooo....the money long like bubu dic*k grin

1 Like

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Akamariner(m): 8:05pm On Sep 02
Oh
Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by emmykk(m): 8:05pm On Sep 02
DoggoneDogg:


Criminal Afonja judge wan use Igbo money to finance her drug baron vegetable lord Presidential ambition.

Ole Afonja jatijati

I give up on you

5 Likes

Re: Francis Atuche: Court Freezes ₦19.1 Billion Belonging To Ex-bank PHB MD by Thinktwicemybro: 8:05pm On Sep 02
Let me check the name again.

3 Likes 2 Shares

(1) (2) (3) (4) (Reply)

Pos Now Available For Quickteller Paypoint Agent / 7 Ways To Get Out Of Debt In 2021 / Diamond Bank Cheques Will Become Invalid From March 1st 2020

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 98
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.