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N25.7bn fraud: Supreme Court okays six-year jail term for ex-bank manager, Atuche Francis Atuche

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The Supreme Court has upheld the conviction and six-year jail term handed to former Managing Director of the now defunct Bank PHB, Francis Atuche by the Court of Appeal in Lagos in a judgment delivered on June 23.

In a unanimous judgment on Friday, a five-member panel of the apex court held that the appeal by Atuche was without merit.

The judgment was on the appeal marked: SC/CR/1223/2023 filed by Atuche.

In the lead judgment prepared by Justice Habeeb Abiru, but read by Justice Moore Adumein, the apex court held that the appellant failed to show why it should tamper with the concurrent findings of the two lower courts.

“Where the finding of a trial court on the demeanour of a witness is supported by oral and documentary evidence tendered at the trial, as in the present case, an appellate court has no business tampering with the decision of the trial court.

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“This court has not been given any reason to tamper with the concurrent findings of the two lower courts in this appeal

“This appeal is totally lacking in merit. This appeal fails and it is hereby dismissed.

“The judgment of the Court of Appeal, Lagos division, delivered on the 23rd day of June 2022 in appeal number: CA/LA/CR/668/2021which, save for the adjustment of the judgment passed, upheld the judgment delivered by the High Court of Lagos State in charge number: ID/154c/2011 on the 16th day of June 2021 is hereby affirmed,” the Supreme Court said.

The Court of Appeal in Lagos had, in its June 23, 2022 judgment, affirmed Atuche’s conviction on a 27-charge in which he and two others were accused of engaging in about N25.7billion fraud.

The Court of Appeal however reduced the sentence of 12 years, earlier handed to him by the High Court of Lagos state sitting in Ikeja, to six years.

The Economic and Financial Crimes Commission (EFCC) had prosecuted Atuche, his wife, Elizabeth and a former Chief Financial Officer of Bank PHB, Ugo Anyanwu before Justice Lateefat Okunnu of the High Court of Lagos State.

Justice Okunnu, in a judgment on June 16, 2021 convicted Atuche and Anyanwu on 21 out of the 27-count amended charges of conspiracy to commit felony and stealing brought against them by the EFCC.

The judge subsequently sentenced Atuche to 12 years and Anyanwu to 10 years imprisonment.

Justice Okunnu discharged and acquitted Atuche’s wife on the grounds that the prosecution failed to link her to the crime.

She held 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.

While the Court of Appeal reduced Atuche’s sentence to six years, it reduced Anyanwu’s sentence to eight years.

The Court of Appeal equally upheld the discharge and acquittal of Atuche’s wife.

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Tension mounts as bandits kill brother of Tinubu’s minister

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Police officer killed, 2 Chinese abducted by gunmen
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The elder brother of the Minister of State for Agriculture and Food Security, Aliyu Sabi Abdullahi, has reportedly been killed by suspected bandits.

The victim was the Village Head of Galla in Borgu Emirate, Niger State.

The assailants were said to have stormed his palace on Monday, August 24, 2026, in an incident that has reportedly unsettled residents of the community.

According to Daily Post, sources familiar with the development said the monarch had earlier warned the bandits to stay away from the community.

His warning was allegedly viewed as an affront by the criminals, who later returned and attacked him at his palace.

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The killing has further raised concerns about the security situation in the Borgu Emirate, where bandit attacks and other criminal activities have reportedly increased in recent times.

When contacted, the spokesperson for the Niger State Police Command, SP Wasiu Abiodun, acknowledged receiving inquiries about the incident.

He, however, said he would get back with details after obtaining the necessary information.

As of the time of filing this report, the police spokesman had yet to issue an official statement confirming the killing or providing details about the circumstances surrounding the attack, Naija News understands.

Meanwhile, fourteen people who were reportedly kidnapped have been rescued from bandits in Zamfara State by troops of the Nigerian Army.

The operation, carried out by Sector 2, Operation FANSAN YAMMA, in the Tsafe Local Government Area of the state, also prevented the criminals from carrying out another abduction.

The troops responded to information about suspicious movements of the criminals around Magazu village on August 26, 2026, and acted swiftly.

According to the military, the troops moved into the area and came across a group of armed men allegedly attempting to abduct civilians, including motorists.

The operatives engaged the suspected criminals, forcing them to abandon their vehicle and escape into the surrounding bushes.

The troops subsequently launched a search of the area and discovered 14 victims who had already been taken hostage by the attackers.

One of the rescued victims sustained gunshot injuries during the incident and was immediately taken to the General Hospital, Tsafe, where he was admitted for treatment.

The military said none of its personnel was injured or killed during the operation.

The latest rescue, according to the military, is part of ongoing efforts by Operation FANSAN YAMMA to disrupt the activities of criminal groups and prevent them from freely operating across Zamfara State.

The troops also reaffirmed their commitment to protecting residents and motorists while denying bandits the opportunity to carry out further attacks in the area.

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Motorists trapped in Benin-Agbor-Asaba gridlock for days, Umahi inspects road

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Motorists and travellers using the Benin-Agbor-Asaba route have been stranded for days as severe traffic congestion continues to disrupt movement between the South-South, South-East and Lagos.

The gridlock, which has reportedly persisted for about five days, has left motorists spending long hours on the road, with some travellers unable to reach their destinations.

The situation has been attributed largely to the poor condition of sections of the road, which has been further worsened by heavy rainfall in the area.

Minister of Works, Engr David Umahi and some National Assembly members inspecting Benin-Agbor road on Tuesday

The rain has reportedly made some portions of the road difficult to navigate, resulting in vehicles becoming stuck and worsening the already severe congestion.

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The route is a major link for motorists travelling between Lagos and several states in the South-South and South-East, making the prolonged gridlock a major concern for travellers, transport operators and motorists.

Some motorists have reportedly been forced to spend extended periods on the road as efforts to navigate the affected sections have proved difficult.

The development has also raised concerns about the impact of the bad road on the movement of goods and passengers, particularly during the rainy season.

Travellers using the route have called for urgent intervention to restore movement and prevent further deterioration of the situation.

Meanwhile, the  Minister of Works, Senator David Umahi, on Tuesday led an urgent federal intervention on the congested Benin-Agbor-Asaba Expressway following President Bola Tinubu’s order to ease the hardship faced by stranded motorists.

Umah’s arrival in Edo State was disclosed by his Senior Special Assistant on Media, Francis Nwaze, who shared a video of the minister’s on-site inspection on his official X handle.

“Umahi arrives in Benin, Edo State, to address the congestion on the Benin-Agbor-Asaba Road,” Nwaze posted, adding in a subsequent update, “Umahi arrives Benin-Agbor-Asaba Road to resolve issues surrounding the road, which was handed over to concessionaire on PPP Basis since 2025.”

In an official press statement issued on Tuesday, Nwaze confirmed that Tinubu ordered immediate corrective measures on both the Benin-Agbor-Asaba axis and the deplorable Ifaki-Kabba-Ado Ekiti road spanning Ekiti and Kogi States.

To execute the directive, Umahi reportedly deployed the Minister of State for Works alongside ministry officials to commence remedial works on the Ekiti-Kogi corridor.

“While the intervention team moved into Ekiti and Kogi States, Umahi himself headed to Benin, Edo State, alongside members of the National Assembly Works Committees, to initiate a similar coordinated intervention on the Benin-Agbor-Asaba road.

“The Benin meeting is expected to bring together key stakeholders, including representatives of the Edo and Delta State Governments and the Niger Delta Development Commission (NDDC), with the aim of finding immediate solutions to the challenges confronting motorists on the strategic corridor,” the statement partly read.

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Police detain officers accused of N40,000 extortion in Abuja

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File: Policemen at a checkpoint
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The FCT Police Command has identified officers accused of allegedly extorting N40,000 from a resident along Wuye-Utako Road, near Salem Church, in the Federal Capital Territory.

The Command said the officers depicted in a video circulating on social media had been identified and were in custody.

The Police Public Relations Officer of the command, SP Josephine Adeh, disclosed this in a statement on Tuesday.

“The attention of the Commissioner of Police, FCT Police Command, CP Ahmed Muhammed Sanusi, PhD, FCAI, has been drawn to a video circulating on social media alleging that police officers of the FCT Police Command extorted an FCT resident of the sum of Forty Thousand Naira (₦40,000) along Wuye – Utako Road, by Salem Church, within the Federal Capital Territory.

“The officers depicted in the video have been identified and are in custody,” the statement read.

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The video, which began circulating widely on social media around August 24, features a man who claimed that on August 20, 2026, a police officer in Abuja collected ₦40,000 from him even after verifying that his documents were complete.

The man shared footage showing a receipt and a conversation after he returned to the checkpoint.

Adeh said the Command had also invited the complainant to the FCT Police Command Headquarters to give an official statement on the incident to aid investigation and disciplinary action.

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