Francis Atuche finds a new thing

Francis Atuche, the former Managing Director of the defunct BankPHB, has found a new thing outside the banking industry.

The retail store, Hubmart, which he recently established, has become a Mecca for shoppers in Lagos.

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The mall boasts of an exquisite range of products, including renowned local and international brands, and it is built-in choice locations deliberately to offer customers world-class shopping experience.

Not only this, Atuche, who is the Senior Adviser, Homeland Real Estate Company, is also a big player in the real estate industry.

In 2009, BankPHB, led by the Delta State-born ex-bank chief, was declared distressed and the Economic and Financial Crimes Commission (EFCC) arrested him.

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Subsequently, he was detained at the Ikoyi office of the Commission and arraigned alongside his wife, Elizabeth, and Ugo Anyanwu, a former chief financial officer of the bank.

The EFCC also sealed off several houses traced to him. The trial lasted about ten years.