Court Remands Ex-FCMB Manager For Involvement In N30M Fraud

Posted by African Examiner Featured, Latest Headlines, News Friday, December 6th, 2013

Ruth Bamidele, Lagos

A Federal High Court sitting in Ikoyi, Lagos on Thursday has ordered the remand in custody of the Special Fraud Unit (SFU), former branch Manager of First City Monument Bank (FCMB), Rosemary Usifor, charged with N30 million fraud, pending the hearing of a bail application filed by her lawyer, Osa Isibor.

Usifor and former manager, Oke Arin branch of the defunct Finbank (now FCMB), were earlier arraigned on a one-count charge of obtaining the sum of N30 million fraudulently from a fixed deposit account, belonging to a customer of the bank.

The prosecutor, Effiong Asuquo, had in the charge stated that the accused committed the offence in 2011, however, the former FCMB manager pleaded not guilty to the charge.

According to the prosecutor, the defendant that forged a letter, with which she allegedly fraudulently obtained the sum of N30 million from the fixed deposit account of one DIG Archibong Nkanga Rtd, a customer of the bank.

The alleged offence is contrary to the Sections 1(2) (a), (c), and Sections 3 (1) (2) of the Miscellanous Offences Act, Cap. M17, Laws of the Federation, 2004.

The presiding judge, Justice Saliu Saidu, adjourned the matter till January 7 for hearing of the bail application of the accused.