Appeal court affirms Atuche’s conviction, reduces jail term

The Court of Appeal sitting in Lagos, on Thursday, affirmed the conviction of a former Managing Director of defunct Bank PHB Plc, Francis Atuche, of N25.7bn fraud, but reduced his sentence of 12 years to six years. The court also affirmed the conviction of Atuche’s co- convict, Ugo Anyanwu, and reduced his 10 years imprisonment

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