Nigeria: Atuche Transferred Funds Without Customer's Approval - EFCC Witness

1 February 2012

Prosecution witness Ifetayo Obi has testified that she was authorized to transfer over N10 billion to Futureview Securities, Falcons Securities and some other accounts at the ongoing trail of the former Managing Director of Bank PHB (now Keystone Bank), Francis Atuche, his wife, Elizabeth Atuche and a former management staff of the bank, Ugo Anayanwu, brought against them by the Economic and Financial Crimes Commission, EFCC.

Mrs Ifetayo who works in treasury operations section of Keystone Bank, while being led in evidence by EFCC lawyer Kemi Pinhiero, SAN at the Ikeja High Court, Lagos, told the court that she received a mail from Anayanwu that she should transfer over N10 billion to Futureview Securities, Falcons Securities and some other accounts.

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