Skip to main content

N30m fraud: Ex-Finbank manager granted bail

court

A Federal High Court in Lagos on Monday varied the bail conditions of a former Branch Manager of Finbank now (First City Monument Bank), Rosemary Usifo, charged with N30 million fraud.

Usifo was arraigned by the Special Fraud Unit (SFU) of the Nigerian Police Force on Dec. 5, 2013, on a one-count charge.

She was charged alongside her bank.

The accused, however, pleaded not guilty.

Following a bail application moved by defense counsel, Justice Saliu Saidu had granted the accused bail in the sum of N10 million with two sureties in like sum.

The judge had added that one of the sureties must be a blood relation with a landed property in Lagos while the other surety must be a public or civil servant of grade level 15 and above.

The judge ordered her remand at the Kirikiri Prisons pending the perfection of her bail terms.

When the case was mentioned on Monday, Usifo’s counsel, Mr. Olu Akanbi, informed the court of a motion seeking a variation of the bail conditions granted to her.

He prayed the court to remove the condition of one of the sureties possessing a property.

The application was not opposed by the prosecution.

Consequently, Saidu granted Usifo bail in the sum of N10 million with two sureties in like sum.

The court held that one of the sureties must be a public or civil servant of grade level 15, and serving with either the Federal or Lagos State Government.

The judge held that the court’s registrars and the prosecutor must be satisfied with the sureties.

He adjourned the case to March 16 for trial.

In the charge, the accused was alleged to have committed the offence in 2011.

The prosecution stated that the accused defrauded a bank customer, a retired Deputy Inspector-General of Police Mr. Archibong Nkanga, of N30 million.

The sum was allegedly obtained from the fixed deposit account of the customer.

The prosecution submitted that offence contravened the provisions of Sections 1(2) (a), (c), and 3 (1) (2) of the Miscellaneous Offences Act, Cap. M17, Laws of the Federation, 2004.

Labels:

Comments

Post a Comment

Popular posts from this blog

Court grants Fani-Kayode N50m bail

Fani-kayode sandwiched by EFCC officials Justice James Tsoho of the Federal High Court Abuja on Thursday granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode. Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m. Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016. The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office. The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act. The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited. They were charg...
Post a Comment
Read more

Pope not involved in Colombian peace deal- Vatican

Pope Francis Pope Francis has turned down a request to play a role in the peace deal between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) rebel group. The Vatican in a statement issued on Wednesday in in Vatican City said that an invitation was sent to his Holiness in early August to appoint a representative to participate in the committee that selected the judges for the talks. The statement said that though Pope Francis supported the peace process, he, however, reiterated that he would not get involved in Colombian peace deal. It said that Pope was praying for the enlightenment of the hearts and minds of those who were called to promote the common good of the Colombian nation. A deal was announced last week, putting an end to five decades of internal conflict between government forces and the FARC rebels. The agreement, which needed to be ratified through a referendum in Oct. 2, would entail setting up a special court to grant amnesties or pu...
Post a Comment
Read more

Man docked for defiling 9-year-old girl

magistrate-court A 33-year-old man, Godwin Otobo, was on Monday docked at a Surulere Chief Magistrates’ Court in Lagos.For allegedly defiling a nine-year-old girl, ‎Otobo, who lives at No. 10, Borrow Pit St., Sangotedo-Ajah area of Lagos, was said to have defiled the underage girl whose parents also reside in the same compound. The Prosecutor, Sgt. Anthonia Osayande, told the court that the accused committed the offence at about 9.00 p.m. sometimes in September. “The accused defiled the girl in the night when she was fetching water.‎ “The offence contravened Section 137 of the Criminal Law of Lagos State, 2011,’’ Osayande told the court. The accused pleaded not guilty to the one-count charge of defilement. Ruling on a bail application filed by the accused, Chief Magistrate Ipaye Nwachukwu, granted him bail in the sum of N500,000 with two sureties in like sum. She said one of the sureties must be a property owner in Lagos State, while the other must be a civil servant on grade...
Post a Comment
Read more