Thursday, 27 September 2012
FORMER BANK PHB BOSS ATUCHE USED STOLEN FUNDS TO PAY N45 MILLION CHURCH TITHES The Economic and Financial Crimes Commission(EFCC) yesteday told a high court in Lagos that former Bank PHB Managing Director Francis Atuche used depositors' monies to pay for tithes to two churches. Lead prosecution counsel Pinheiro said the former bank chief gave N35 million to St. Agnes catholic church Ibusa Delta state and N10 million to St. Augustine's catholic church also in Delta state. The counsel made available to the court e-mails directing the bank for the payments. It was learnt that Atuche made the donations in Delta state because he is from the state.
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