N27bn fraud: Court sentences Atuche to 12 years imprisonment, discharges wife - Paul Ukpabio's Blog

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Thursday 17 June 2021

N27bn fraud: Court sentences Atuche to 12 years imprisonment, discharges wife


Elizabeth Atuche, discharged and acquitted

An Ikeja High Court has sentenced a former Managing Director of the defunct Bank PHB Plc, Francis Atuche to 12 years imprisonment. The same court also sentenced former Chief Financial Officer (CFO), Ugo Anyanwu to 10 years, for stealing and conspiracy to steal N27billion.


NewsHowever, Justice Lateefat Okunnu, discharged and acquitted Atuche’s wife Elizabeth.

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