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

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...
Post a Comment
Read more

Fire: UniJos Senate convenes emergency meeting on Monday

Fire at the University of Jos Library University of Jos is to convene an emergency senate meeting on Monday to review the level of damage done to the institution by the Saturday night inferno. The Vice Chancellor, Prof. Sebastian Maimako, disclosed this on Sunday after inspecting areas affected by the incident. The fire, which lasted for more than six hours, destroyed the Library Complex that equally houses the faculties of management and social sciences. The fire also destroyed examination scripts, books and very crucial materials. Consequently, the vice-chancellor said “the Senate will meet tomorrow (Monday) to take a decision about the unmarked examination scripts that were burnt.” On the cause of the inferno, Maimako said investigation had commenced, adding that “nothing has been confirmed yet. We are still investigating.” The vice chancellor said the school was already working with federal authorities toward establishing a main fire station since the mini fire station in t...
Post a Comment
Read more

NDLEA arrests 252 suspects, seizes 3,073 kg Indian hemp

NDLEA operatives The NDLEA in Niger on Monday said that it had arrested 252 suspects and seized 3,073.9 kilogramme of Indian hemp(cannabis sativa) in the state. The NDLEA Commander in the state, Mr Joseph Iweajunwa, who disclosed this in Minna, said that the operations were carried out between January and September. “Our operations in Niger State from January to September 2016 led to the arrest of 252 suspects and seizure of 3,073.997 kilogramme of cannabis sativa,’’ he said. Iweajunwa said that within the period, the agency also seized 1, 530 litres of liquid drugs, especially cough syrup with codeine. He said the NDLEA also counselled and rehabilitated 90 drug addicts in the state within the period under review. The agency, he added, secured convictions of only nine of the suspects because the judge at the Federal High Court, Minna, went on leave. “ Now that the judge has resumed more suspects will be tried,’’ he said. He advised motorists, especially commercial vehicle dri...
Post a Comment
Read more