Francis Atuche, Charles Ojo - Nigerian Bank Fraud Suspects Are Back In Court

The Economic and Financial Crimes Commission on Thursday re-arraigned former Managing Director of the defunct Bank PHB, Francis Atuche, and former Managing Director of the defunct Spring Bank, Charles Ojo, over financial malpractice.

 

The re-arraignment followed the transfer of the case from Justice Rita Ofili-Ajumogobia, of the Federal High Court to a new judge, Justice Saliu Saidu.
The News Agency of Nigeria reports that the case had earlier been before Justice Akinjide Ajakaiye and Justice Binta Murtala-Nyako before it was transferred to Ofili-Ajumogobia.
Murtala-Nyako, who was handling the case before Ofili-Ajumogobia, was transferred to the Makurdi Division of the Federal High Court.
NAN reports that Atuche and Ojo are standing trial on an amended 45 counts bordering on reckless granting of credit facilities, financial impropriety and general banking fraud.