N25.7bn fraud: Appeal Court affirms ex-bank boss’ conviction, reduces jail term

The Court of Appeal sitting in Lagos on Thursday affirmed the conviction of former Managing Director of defunct Bank PHB Plc, Francis Atuche, for 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, who was sentenced to 10 years’ imprisonment by

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