Francis atuche news
Francis Atuche is a Nigerian businessman and former Managing Director of Global Reserve Resources Limited, a company that was involved in the oil and gas industry. He made headlines in 2006 when he was arrested and charged with stealing N25.9 billion (approximately $170 million USD) from the company.
Here are some recent news updates about Francis Atuche:
- In 2020, Atuche was sentenced to 21 years in prison for stealing the N25.9 billion from Global Reserve Resources Limited. He was also ordered to pay a fine of N104.5 billion (approximately $280 million USD).
- In 2020, the Economic and Financial Crimes Commission (EFCC) recovered N1.5 billion (approximately $4 million USD) from Atuche's account, which was part of the stolen funds.
- In 2019, Atuche's wife, Jennifer Atuche, was also arrested and charged with money laundering in connection with the stolen funds.
- In 2018, Atuche's trial began, and he was accused of using the stolen funds to buy properties and invest in other businesses.
- In 2017, Atuche was re-arraigned on new charges of stealing and money laundering, and he pleaded not guilty to the charges.
It's worth noting that Francis Atuche's case has been ongoing for many years, and there may be additional updates and developments in the future.