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Thursday, September 27, 2012

Former MD OF Bank PHB Francis Atuche Uses Stolen N45million To Pay Tithe

Gist Express
Former MD OF Bank PHB Francis Atuche Uses Stolen N45million To Pay Tithe
Sep 27th 2012, 15:37

The Economic and Financial Crimes Commission (EFCC) has accused a former managing director of Bank PHB, Mr Francis Atuche, of using depositors' funds to pay N45 million in church tithes.

Lead prosecution counsel, Kemi Pinheiro, Wednesday made the accusation at the Lagos High Court, sitting in Ikeja, while leading in evidence a key witness, Mr Solomon Abolaji Ogunsola, a former staff of PHB Mortgages Limited.

Atuche allegedly paid the money from an account of PHB Mortgage Limited.

Pinheiro presented documents in court, some of them e-mails sent as an order to release the sum of N35 million to St. Monica Catholic Church, Ibusa, Delta State, and another sum of N10 million to St. Augustine Catholic Church.

Ogunsola told the court that Atuche sent the money to the two churches in Delta State because he hails from the state.

Ogunsola also admitted knowing two companies: Claremount Nigeria Limited and Claremount Asset Management.

He said that Claremount Nigeria Limited had a call account with his bank and the account was owned by Atuche.

He explained that the only document on the call account's file was a reference letter which bears Atuche's name. The document was admitted as exhibit.

In addition, various transactions carried out by Atuche in his statements of account with Claremount Nigeria Limited and Claremount Asset Management Limited were read. Atuche had denied having anything to do with the two companies.

Wahala Dey o!

Source: P.M News

 

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