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Court adjourns hearing on fraud charge against bank, manager


LAGOS — A Federal High Court sitting in Lagos, yesterday,  adjourned till April 7, a N30 million fraud charge against First City Monument Bank Plc, FCMB, and its former Branch Manager, Rosemary Usifo.

FCMB is standing trial alongside Usifo, a former Manager of the Okerin branch of FinBank Plc (now FCMB), on a one-count charge bordering on the offence.

When the case was called, yesterday, counsel to FCMB informed the court that the bank was prepared to proceed with the trial.

Counsel noted that his client had never conceded to settling the debt stated in the charge as represented to the court by the prosecution at the last adjourned date. He prayed the court for an adjournment to proceed with trial.

The prosecutor did not object to the prayer for adjournment.

Consequently, Justice Saliu Saidu adjourned the case to April 7 for trial.

The second accused was arraigned by the Special Fraud Unit on December 5, 2013.

She was alleged to have fraudulently obtained N30 million from a fixed deposit account of a customer, one Archibong Nkanga, a retired Deputy Inspector General of Police.

The accused was alleged to have committed the offence in 2011, while she held sway as branch manager of the bank.

She had however pleaded not guilty to the charge, but the judge had ordered her remand at the Kirikiri prisons, pending her bail application.

According to Asuquo, the accused who had been at large since the perpetuation of the crime in 2011, was eventually arrested by the Police, in November 2013.


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