Supreme Court Affirms Conviction Of Ex-Bank PHD MD, Atuche
From PAULINE PODKA, Abuja
The Supreme Court of Nigeria has delivered a final verdict, upholding the conviction of Francis Atuche, former Managing Director of Bank PHB Plc, for a N25.7 billion fraud scheme.
The apex court in a unanimous decision, on Friday, ruled that Atuche failed to provide sufficient evidence to overturn his conviction, which was initially handed down by the trial court and subsequently affirmed by the Court of Appeal.
Justice Moore Adumein delivered the lead judgement, in which the Supreme Court reaffirmed its established precedent that when a trial court’s assessment of a party’s or witness’ credibility is substantiated by documentary evidence, an appellate court should not disturb the lower court’s decision, unless exceptional circumstances warrant intervention.
In conclusion, the court held that the appellant had not given it any reason to tamper with the concurrent finding of the two lower courts.
Mr. Atuche, his wife, Elizabeth and one Mr. Ugo Anyanwu had been arraigned by the Economic and Financial Crimes Commission (EFCC) in 2011 before Justice Lateefat Okunnu of the Lagos High Court in a prosecution that was handled by Senior Advocate of Nigeria, Dr. Kemi Pinheiro on behalf of the EFCC.
The trio were arraigned on a 27-count amended information over a N25.7 billion fraud.
On June 16, 2021, Justice Okunnu in a judgement that lasted about 12 hours, convicted Atuche alongside a former Chief Financial Officer of the bank, Ugo Anyanwu.
The court convicted the duo on 21 of the 27-count amended charge of conspiracy to commit felony and stealing brought against them by the EFCC.
Justice Okunnu held that the EFCC successful proved its case against the convicts beyond reasonable doubt.
Atuche and Anyanwu were sentenced 12 years and and 10 years respectively by the High Court.
However, it was reduced by the Court of Appeal, with Atuche getting six years while Anyanwu got eight years.
She freed Atuche’s wife, Elizabeth, on the grounds that the EFCC failed to link her to the crime.
The court insisted that suspicion no matter how strong cannot take the place of fact.
The judge held that it was not proven that she was aware of the source of the funds she received into her account from her husband and she had no powers to take any decision to influence the transaction.
The convicts were to serve their jail terms at the Kirikiri Maximum Correctional Facility in Lagos.
Dissatisfied with the judgement, the convicts approached the Court of Appeal and on June 23, 2022, the appellate court affirmed the conviction of both men.
The appeal court also clarified that Atuche’s jail term, as handed down by the lower court, is six years concurrently, rather than 12 years.
The Justices, however, reduced Anyanwu’s sentence from 10 years to eight years.
Also, they upheld the discharge and acquittal of Atuche’s wife, Elizabeth.
On further appeal to the Supreme Court, the apex court earlier this year heard Senior Advocates of Nigeria (SAN), Wole Olanipekun leading Chief Anthony Idigbe and Prof. Fidelis Oditah in the appeal which was initiated by Mr. Atuche against his conviction; while Dr. Kemi Pinheiro, who held the fiat of the Honourable Attorney General of the Federation, led the team of lawyers representing the State including Senior Advocate of Nigeria (SAN), Sebastine Hon.
The unanimous decision of the Supreme Court on Friday, brings to finality this criminal charge spanning 13 years.