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Graft: Atuche, ex-Bank PHB boss to face fresh 45 charges

*As Fayose knows fate Jan 18

LAGOS—Former Managing Director of Bank PHB, Mr. Francis Atuche who is standing trial for money laundering is to face fresh charges.

A Federal High Court sitting in Lagos , Monday December 14 accepted the prosecution’s decision to amend the charges against the former bank executive and adjourned proceedings to January 11, 2010, for fresh pleas to be taken in the amended charge bordering on money laundering.

Also on Monday, Justice Tijani Abubakar of the Federal High Court, Lagos, adjourned to January 18, 2010 ruling on whether the former governor of Ekiti State, Mr. Ayodele Fayose, who is standing trial for money laundering, could be re-arraigned on fresh charges by the Economic and Financial Crimes Commission, EFCC.

At the last adjournment, Atuche and other directors of the bank who are being tried by the EFCC had asked the court to quash the 26 count charge preferred against them by the anti-graft agency. But when the case came up yesterday, the prosecution counsel had introduced 19 more counts to  the charges, bringing the total number of  charges filed against the accused to 45.


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