meta content='GOSSIP, GISTS, EVERYTHING UNLIMITED' name='description'/> GOSSIP, GISTS, EVERYTHING UNLIMITED: Former PHB Boss Atuche Used Stolen Funds To Pay N45m Church Tithes

Thursday 27 September 2012

Former PHB Boss Atuche Used Stolen Funds To Pay N45m Church Tithes

                                                                  Francis Atuche
                                                                         Elizabeth Atuche
 
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, today 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 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 N35million to St. Monica Catholic church, Ibusa, Delta State, and another sum of N10million to another 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.  

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