Utomi, EFCC disagree over 2007 campaign funding

-punch

Former Chairman of Bank PHB (now Keystone Bank), Prof. Pat Utomi, and the Economic and Financial Crimes Commission on Tuesday disagreed over the funding of his 2007 presidential campaign.

The EFCC, through its counsel, Mr. Kemi Pinhero(SAN), said the defunct PHB had granted a N2.7bn loan to Baywood Continental Limited, also chaired by Utomi during the period of his campaign.

Utomi was testifying during the trial of former Managing Director of the bank, Mr. Francis Atuche; his wife, Elizabeth, and a former Chief Financial Officer of the bank, Mr. Ugo Anyanwu.

The three were charged to court by the EFCC for allegedly stealing N25.7bn belonging to Bank PHB.wp_posts

Related Posts

• UK asylum deal applies only to illegal Nigerian migrants, not foreigners — Presidency
• ‘If I don’t give you electricity, don’t vote for me’ – VIDEO of Tinubu’s campaign promise resurfaces amid blackout
• Nine senators defect to ADC from different parties
• Protest in northern Nigeria over killing of Iran’s Ayatollah Ali Khamenei
• 2027: ‘I regret removing Jonathan’ — Atiku (No foresight, no vision – all regrets)

Short URL: https://newnigerianpolitics.com/?p=32513

Posted by admin on Sep 17 2013. Filed under EFCC Politics, Latest Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry