Thursday, September 2, 2021


Courtroom freezes convicted banker Atuche’s N19 billion in 24 banks

An Ikeja Division of the Lagos State Excessive Courtroom has ordered the freezing of property and funds amounting to N19,178,253,050…

By Staff , in Platinum , at September 2, 2021


An Ikeja Division of the Lagos State Excessive Courtroom has ordered the freezing of property and funds amounting to N19,178,253,050 allegedly saved in 24 banks by Francis Atuche, the convicted former Managing Director of the defunct Financial institution PHB.

The banks embrace Entry Financial institution Plc, Citi Financial institution Ltd, Ecobank Nigeria Ltd, Constancy Financial institution Nigeria Plc, First Financial institution Of Nigeria Plc, First Metropolis Monument Financial institution and Globus Financial institution Ltd.

Others embrace Warranty Belief Financial institution Plc, Heritage Financial institution Ltd, Keystone Financial institution Ltd, Lotus Financial institution Ltd, Mainstreet Financial institution Plc, Polaris Financial institution Plc, Platinum Mortgage Financial institution Ltd, Providus Financial institution Ltd and Stanbic IBTC Nigeria Ltd.

The remaining are Customary Chartered Financial institution, Sterling Financial institution Plc, Titan Belief Financial institution Ltd, Union Financial institution Of Nigeria Plc, United Financial institution For Africa Plc, Unity Financial institution Plc, Wema Financial institution Plc and Zenith Financial institution Plc.

Lateefat Okunnu, the decide who convicted the banker in June, made the order sequel to an August 17 software by the Financial and Monetary Crimes Fee (EFCC) in Cost No. ID/1549/2011 between the Federal Authorities on the one hand and Mr Atuche and Ugo Anyanwu as first and defendants.

Mr Anyanwu, a former chief monetary officer of Financial institution PHB, is serving time in jail following his conviction and sentencing to 6 years imprisonment final June 16 for N25.7billion fraud alongside Mr Atuche.

Mrs Okunnu, whereas sentencing the duo, had ordered that they need to make a restitution of N25.7 billion to the Federal Authorities to switch the funds stolen from the general public to bail out the financial institution.

The decide granted the company’s 12 prayers pursuant to sections 6(d), 20, 24, 26(1), 30 and 34(1) of the EFCC Act and sections 290, 294 and 297 of the Administration of Felony Justice Regulation 2015, filed by prosecution counsel led by a Senior Advocate of Nigeria (SAN), Kemi Pinheiro.

Mrs Okunnu held: “An order is made restraining the first Defendant (Atuche) whether or not by himself, or performing by way of the individuals or entities listed or such different individuals together with however not restricted to his members of the family or brokers, from eradicating, alienating, disposing of, coping with or diminishing the worth of property, proceeds of financial and monetary crimes or in any other case within the title of the first Defendant…”

She famous that the property or funds included these held not directly by or for Mr Atuche’s profit, whether or not solely or collectively held, that’s positioned in Nigeria or worldwide.

The decide additional froze any checking account being run and operated by Mr Atuche “personally or collectively, whether or not in his private title or in any other case or with the Financial institution Verification Quantity: 22295357230 in any of the respondent banks to the tune of N19,178,253,050.00 solely, pursuant to the Restitution Order made by this Honourable Courtroom on the 16 day of June 2021.”

She additionally barred Mr Atuche and his privies – together with his legal professionals – from presenting to the Respondent Banks any mandate or instruction for the withdrawal of any cash and/or funds standing to the credit score of any of their accounts to the tune of N19, 178, 253. 050.

TEXEM

In one other order, she restrained the banks from honouring any such instruction from Mr Atuche and his privies.

The decide added: “A compulsory order of injunction is made directing the named respondent banks to file inside 48 hours of service of this Order of this Honourable Courtroom on them returns of the Statements of Account of the first Defendant (personally or collectively) whether or not in his private title or in any other case or with the Financial institution Verification Quantity: 22295357230 and the accounts of individuals and entities listed within the afore talked about Schedules A and B maintained with them…

“An extra order is made directing service of the Order made herein on individuals affected thereby together with specifically, the individuals and entities listed in Schedules A and B. by means of commercial in both The Punch or Thisday or The Guardian newspaper.

In keeping with the EFCC, 15 individuals have been used as entrance by Mr Atuche to launder the funds.

They’re: Anthony Atuche, Emeka Patrick Atuche, Paul Okobi, Felix Oyiana, Moruf Kazeem Adisa, Olatunji Abiodun, Daniel Enebeli, Aina Olugbenga, Augustine Nwabueze, Omonua Benedict, Oliver King Nduaaron, Dr. Chris Ike Ogbechie, Mr. Murat Bektaslar, Attah Omataikpo Olukemi and Thomas Etuh.

The 22 companies by which Atuche has curiosity in instantly or not directly, in keeping with the EFCC, are Aqua Harvest Ltd, Hubmart Shops Restricted, Hubmart Restricted, Sapphire Capital Administration Restricted, Homeland Actual Property Firm Restricted, Malechi Meals Restricted, Homeland Meridian Companions Restricted, Promise Funding Restricted, Temple Cottage Resort Restricted, Wegas Properties Mission Restricted, Buckhead Development Restricted, Claremount Administration Providers Restricted, Afco Associates Restricted, Platinum Capital Restricted, Ghazali Yakubu Funding Restricted, The Monetary (Providers) Firm Restricted, Enterprise Assets Restricted, Elizabeth-A Firm Restricted, Signature Companions Restricted, Purplepay Applied sciences Restricted, Oakwood Asset Administration Restricted And Conesto Nigeria Restricted.

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