The Economic and Financial Crimes Commission (EFCC) on Friday faulted Prof. Pat Utomi's testimony that Bank PHB's Board of Directors ratified some loan facilities granted by the bank's former Managing Director, Francis Atuche.
.
Mr Kemi Pinheiro (SAN), Counsel to the EFCC, faulted the claim while cross-examining Utomi, a former Executive Director of Bank PHB, before an Ikeja High Court.
.
The News Agency of Nigeria (NAN) reports that Utomi is the first defence witness in the trial of Atuche and his wife, Elizabeth.
.
The couple is being prosecuted alongside a former Chief Financial Officer of the bank, Ugo Anyanwu, before Justice Lateefat Okunnu.
.
They were charged to court by the Economic and Financial Crimes Commission (EFCC) for allegedly stealing N25.7 billion belonging to Bank PHB (now Keystone Bank).
.
Utomi had on Monday testified that the N100 billion loan facilities granted to some companies were ratified by the board members at a meeting held on July 9, 2008.
Let's just wait and see how this will pan out.
So many Nigerians are interested!