₦airaland Forum

The two were convicted on at least 6 of a 27-count amended charge of conspiracy to commit a felony and stealing brought against them by the Economic and Financial Crimes Commission (EFCC).

While Atuche who was found guilty on counts 1, 3, 5, 7, 9, and 23 of the charge would serve a 6-year term for each count, Anyanwu will serve a 4-year jail term for counts 2, 4, 6, 8, 10, 11, 22 and 24 of the amended charge.

They are to serve their jail term consecutively. This sentence is coming after a trial that lasted over 12 years.

In delivering her sentence, Justice Okunnu held that the EFCC successfully proved its case against the convicts beyond a reasonable doubt.

https://worldtopnewsng.com/court-sentences-former-bank-phb-boss-francis-atuche-to-over-6-years-in-prison/

Can you imagine

Trial lasted over 12 years....

The judiciary is our main problem in this country.

Francis Atuche used to be a household name like the Jim Ovias, Cecelia Ibrus, of this world in that generation when bank MDs where demigods.

The woes of BankPHB seems to had worsened with the purchase of a struggling Spring Bank and Atuche's insistence of running the banks separately, hence disregarding the economics of scale that that purchase brought.

The BankPHB story always brings emotions to me because I loved that bank and their branding and customer service was great, but I guess the controversial Sanusi Lamido Sanusi tsunami knew better.