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.
Justice Lateefa Okunnu admitted the accounts as exhibits.
The EFCC counsel also led in evidence, Mr Andy Uzomor, another staff of PHB Mortgage Limited, who presented a 39-page document before the court as exhibit.
The presentation of the document was opposed by lead defence counsel, Anthony Idigbe, who claimed that some of the documents had to do with a N20 million transaction between his law chambers and Atuche.
Idigbe urged the court not to admit the particular section as it will deny Atuche a right to a counsel of his choice.
According to him, if the document was admitted either himself or his client will have to go into the witness box, which might force his chamber out of the case.
But Pinheiro insisted that Idigbe’s objections lacked substance in law.
According to him, some of the documents pertained to an account that Atuche had disowned. Besides, he referred to Section 38, sub-section 1 of the EFCC Establishment Act which grants the EFCC power to seek and receive information from anybody.
After listening to all their submissions, Justice Okunnu admitted the documents as exhibits and adjourned the case till 4 October, 2012.
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And the church took the money, willingly and knowingly, yet we wonder why our moral values have crumbled.
ReplyDeleteAm a Catholic & seriously embarrassed by this man's attitude. Why didnt he use his own money? PH dude
ReplyDeletedid he use the said money as payment for Tithes? that is what the statement did not say... The money would have been for Church projects. Tithe are paid from one's personal earnings.
ReplyDeleteHmhm 999 its neared and may be d man claim said he is man Of God !
ReplyDeleteAnonymous 1, what do you mean, be careful so u do not incur God's wrath. What proof do you have that the church is aware of the source. Managing director of Bank PHB, is that a small position? God knows best. If he stole it, then leave it to God. If the Priest-in-charge is aware, why not also leave the case to God. "Dont say the church", Lets be careful.
ReplyDeleteI worked in same PHB under Auche, and i don't G.A.F what they have to say about him. This is the nicest C.E.O any bank in Nigeria ever had and the most humbly one too, a C.E.O that walks past you and you don't feel scared, we never got a threat mail from him unlike the next two who have squandered and sacked over 2,500 people. Did some irregularities go on? Yes, but Atuche ate and gave to every single staff to eat, even the ones trying to steal the bank from him (including Ahmed kuru former E.D, now C.E.O of spring bank). If he decides to sign off his shares today to the Habib bank cartel, all this charges would be dropped by Sanusi and E.F.C.C, I cannot count the endless bonuses I got from him as an entry level staff. Even security men and cleaners got bonuses during profit sharing during his time. I wonder the day our country will change.
ReplyDeleteEFCC should investigate deeply he must have looted the Bank to the tone of 4.5 Billion.
ReplyDelete