Monday, 16 December 2013

COURT DISMISSES BID BY EX-BANK PHB BOSS TO QUASH FRAUD CASE



An Ikeja High Court yesterday, dismissed an application by former Managing Director of Bank PHB, Francis Atuche, seeking to quash the 25.7 billion naira theft charge preferred against him and two others.

Justice Lateefat Okunnu, asked Atuche to await the outcome of his pending appeal against the court’s jurisdiction to entertain the charge at the Appeal Court.
She consequently adjourned the matter to March 10, 2014 for continuation of trial.
Atuche and his wife, Elizabeth, are standing trial alongside a former Chief Financial Officer of the bank, Ugo Anyanwu, for theft.

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