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The Federal High Court in Lagos on Monday varied the bail conditions
of a former Branch Manager of First City Monument Bank, Rosemary Usifo,
charged with N30 million fraud.
Usifo and the bank were arraigned by the police Special Fraud Unit (SFU) on December 5 last year.
The prosecution alleged that the accused defrauded a retired Deputy Inspector-General of Police, Mr. Archibong Nkanga, by allegedly obtaining N30 million from his fixed deposit account.
The offence is contrary to sections 1(2) (a), (c), and 3 (1) (2) of the Miscellaneous Offences Act, Cap. M17, Laws of the Federation, 2004, the police said.
Justice Saliu Saidu had granted the accused bail for N10 million with two sureties in like sum.
One of the sureties, he said, must be a blood relation and must own a
landed property in Lagos; the other surety must be a public or civil
servant of grade level 15 and above.
The judge ordered the suspect’s remand at the Kirikiri prisons pending the perfection of her bail terms.
The defence counsel, Mr. Olu Akanbi, on Monday moved a motion seeking a variation of the bail conditions.
He prayed the court to do away with the condition that one of sureties must be a property owner.
Prosecution counsel, M. Susan, did not oppose the application.
Justice Saidu, who would soon relocate to Port Harcourt having been transferred to the city, granted Usifo bail for N10 million with two sureties in like sum.
One of the sureties, he said, must be a public or civil servant of grade level 15 serving with either the Federal or Lagos State government.
Usifo and the bank were arraigned by the police Special Fraud Unit (SFU) on December 5 last year.
The prosecution alleged that the accused defrauded a retired Deputy Inspector-General of Police, Mr. Archibong Nkanga, by allegedly obtaining N30 million from his fixed deposit account.
The offence is contrary to sections 1(2) (a), (c), and 3 (1) (2) of the Miscellaneous Offences Act, Cap. M17, Laws of the Federation, 2004, the police said.
Justice Saliu Saidu had granted the accused bail for N10 million with two sureties in like sum.
The judge ordered the suspect’s remand at the Kirikiri prisons pending the perfection of her bail terms.
The defence counsel, Mr. Olu Akanbi, on Monday moved a motion seeking a variation of the bail conditions.
He prayed the court to do away with the condition that one of sureties must be a property owner.
Prosecution counsel, M. Susan, did not oppose the application.
Justice Saidu, who would soon relocate to Port Harcourt having been transferred to the city, granted Usifo bail for N10 million with two sureties in like sum.
One of the sureties, he said, must be a public or civil servant of grade level 15 serving with either the Federal or Lagos State government.
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