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Ex-FCMB Manager remanded over alleged N30m fraud

By on December 5, 2013

A Federal High Court in Lagos on Thursday remanded one Rosemary Usifor, a former Branch Manager of First City Monument Bank (FCMB), charged with N30 million fraud.

The News Agency of Nigeria (NAN) reports that Usifor was remanded at the Special Fraud Unit (SFU) in Lagos.

The accused, a former manager at the Okerin branch of the defunct Finbank (now FCMB), was arraigned on a count charge of fraud.

She was accused of fraudulently obtaining N30 million from a fixed deposit account, belonging to a customer of the bank.

Usifor, however, pleaded not guilty to the charge.

The trial Judge, Justice Saliu Saidu, however, ordered the accused to be remanded in the SFU, pending the hearing of a bail application filed by her Counsel, Mr Osa Isibor.

He adjourned the case to Jan. 7, 2014 for hearing of the bail application.

The Prosecutor, Mr Effiong Asuquo, had told the court that the accused committed the offence in 2011.

He said that the accused forged a letter, with which she fraudulently obtained N30 million from the fixed deposit account of one retired DIG Archibong Nkana, a customer of the bank.

According to Asuquo, the accused, who fled after committing the crime in 2011, was eventually arrested by the police last month.

He said the offence contravened the provisions of Sections 1(2) (a), (c), and Sections 3 (1) (2) of the Miscellaneous Offences Act, Cap. M17, Laws of the Federation, 2004. (NAN)