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Court remands Atuche, Ojo in EFCC’s custody

By Ifeanyi Okolie
An Ikeja Chief  Magistrate’s Court yesterday granted the Economic and Financial Crimes Commission (EFCC) leave to detain two managing directors and chief executive officers of Bank PHB and Spring banks in its custody pending when formal charges will be preferred against them.

According to EFCC’s spokesman, Mr. Femi Babafemi, the suspects, Messrs Francis Atuche and Charles  Ojo,  are to be detained at the commission’s Ikoyi’s office till November 3.

However, Chief Magistrate Oyindamola Ogala stated that the order was subject to review.

Justifying EFCC’s interrogation of the bank debtors at a secret location, Babafemi explained that it had been empowered by an Act of the Parliament to do so.

Answering questions from newsmen on whether the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Commission (NDIC),knew about the on-going secret meeting between the anti-graft agency and bank debtors, Babafemi said: “In fact, we do not need to consult with either CBN nor NDIC.”


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