Justice Lateefat Okunnu of the Lagos State Excessive Courtroom in Ikeja has ordered the freezing of N19,178, 253,050 belonging to convicted former Managing Director of the defunct Financial institution PHB, Francis Atuche.
The Choose gave the order following an ex parte software filed by the Financial and Monetary Crimes Fee (EFCC) on August 17, 2021.
The funds, investigation confirmed, have been domiciled in 24 completely different banks in Nigeria.
N25.7bn fraud: Ex financial institution PHB Boss, Francis Atuche sentenced to six years in jail
EFCC counsel, Kemi Pinheiro (SAN) instructed the courtroom that 15 individuals and 22 companies have been utilized by Atuche and his co-respondent, Ugo Anyanwu, a former Chief Monetary Officer of the financial institution, to launder the funds.
He named Anthony Atuche, Emeka Patrick Atuche, Paul Okobi, Felix Oyiana, Moruf Kazeem Adisa, Olatunji Abiodun, Daniel Enebeli, Aina Olugbenga, Augustine Nwabueze.
The lawyer additionally talked about Omonua Benedict, Oliver King Nduaaron, Chris Ike Ogbechie, Murat Bektaslar, Attah Omataikpo Olukemi and Thomas Etuh.
The companies are Aqua Harvest Restricted, Hubmart Shops Restricted, Hubmart Restricted, Sapphire Capital Administration Restricted, Homeland Actual Property Firm Restricted, Malechi Meals Restricted, Homeland Meridian Companions Restricted.
Others embody Promise Funding Restricted, Temple Cottage Resort Restricted, Wegas Properties Venture Restricted, Buckhead Building Restricted, Claremount Administration Companies Restricted, Afco Associates Restricted, Platinum Capital Restricted.
The remaining: Ghazali Yakubu Funding Restricted, The Monetary (Companies) Firm Restricted, Enterprise Assets Restricted, Elizabeth-A Firm Restricted, Signature Companions Restricted, Purplepay Applied sciences Restricted, Oakwood Asset Administration Restricted and Conesto Nigeria Restricted.
Justice Okunnu granted 12 prayers of the applicant and barred Atuche, whether or not by himself or different individuals from eradicating, disposing of, coping with or diminishing the worth of belongings.
The choose ordered the freezing of any checking account being operated by Atuche “personally or collectively, whether or not in his private identify or in any other case or with the Financial institution Verification Quantity (BVN) 22295357230 in any of the respondent banks to the tune of N19,178, 253, 050 billion”.
That is pursuant to the Restitution Order made by this Honourable Courtroom on June 16, 2021.
Justice Okunnu additionally restrained the banks from honouring any such instruction from Atuche and his privies.
In June, the choose sentenced Atuche to 6 years imprisonment and Anyanwu 4 years for stealing and conspiracy to steal a complete of N25.7billion.
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