Police arraign ex-bank manager for N30m fraud

The Special Fraud Unit of the Nigeria Police Force on Thursday arraigned a former branch Manager of the Finbank Plc (now First City Monument Bank), Rosemary Usifor, for N30m fraud before a Federal High Court, Lagos.
Justice Saliu Saidu ordered the accused to be remanded in the SFU custody pending the hearing of the bail application filed by her counsel, Mr Osa Isibor.
Saidu gave the order of remand after Usifor pleaded not guilty to the one count of fraud.
Usifor, a former manager, Okerin branch of defunct Finbank, was accused of fraudulently obtaining the sum of N30m from a fixed deposit account belonging to a customer of the bank.
The prosecutor, Mr Effiong Asuquo, alleged that the accused committed the offence in 2011.
He alleged that the accused forged a letter with which she fraudulently obtained the money from the fixed deposit account of a former Deputy Inspector General of Police, Archibong Nkanga, a customer of the bank.
According to the prosecution, the accused had been at large since the crime was committed in 2011 until she was eventually arrested in November this year.
The alleged offence was said to have contravened the provisions of sections 1(2) (a), (c), and sections 3 (1) (2) of the Miscellanous Offences Act, Cap. M17, Laws of the Federation, 2004.
The matter was adjourned till January 7, 2014 for the hearing of the accused person’s bail application.