Court Fixes Feb 22 For Trial Of Convicted Atuche, Others

LAGOS – Justice Ayokunle Faji of a Lagos Federal High Court, on Tuesday, adjourned fur­ther hearing in an ongo­ing trial of the convicted former Bank PHB Manag­ing Director, Mr. Francis Atuche and Charles Ojo who are standing trial be­fore the court on alleged N125 billion fraud till Feb­ruary 22, 2022.

Atuche is currently serving a six year jail-term passed on him by Justice Lateefat Okunnu of an Ike­ja High Court of Lagos State bordering on N25. 7 billion fraud.

He was convicted and sen­tenced on the fraud on June 16, alongside Ugo Anyanwu, another bank Chief.

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Atuche and Ojo are cur­rently facing trial before the court on 45 counts charge of conspiracy and illegal and unlawful granting of bil­lions naira of loans to some companies, Futureview Ser­vice Limited, Petosan Oil and Gas Limited, Tradjek Nigeria Limited and Extra Oil Limited.

The EFCC accused the two them of reckless grant­ing of several billions of loans between 2006 and 2009 to Platinum Capital Limited, a company in which they both have interest.

The loans were alleged to have been granted without adequate security, an act the EFCC said violated Section 516 of the Criminal Code Act Cap 38 Laws of the Federa­tion of Nigeria, 2004.

Independent