N30m Fraud: Absence of prosecutor stalls trial of ex FCMB Manager

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(Nigeria) The absence of  the prosecutor on Wednesday stalled  the trial in a Federal High Court, Lagos, of a former branch Manager, of First City Monument Bank, FCMB Plc, Rosemary Usifo, for alleged  fraud.
Usifo is charged by the Special Fraud Unit, SFU of the police with the bank on a one-count charge of obtaining N30 million from a customer's fixed deposit account.
The suit which was fixed for trial could not proceed as scheduled because of  the absence of the prosecutor, Mr Effiong Asuquo.
Asuquo was said to be away on official duty.
Consequently, the trial judge, Justice Saliu Saidu, further adjourned the case to July 7 for trial.
The suspect was first arraigned by SFU on December 5, 2013.
She had, however, pleaded not guilty to the charge but the judge had ordered her remand at Kirikiri Prisons, pending the ruling on her bail application.
In the charge, it was alleged that Usifo, while acting as a Branch Manager of the Okerin branch of the defunct Finbank Plc (now FCMB), in 2011, fraudulently obtained N30 million from a customer of the bank.
She was alleged to have obtained the sum from the fixed deposit account of one Archibong Nkanga, a retired Deputy Inspector-General of Police.
The prosecutor had said that the accused, who had been at large since the perpetuation of the crime in 2011, was eventually arrested by the police in November 2013.
The offence contravened the provisions of sections 1(2) (a), (c), and sections 3 (1) (2) of the Miscellaneous Offences Act, Cap. M17, Laws of the Federation of Nigeria, 2004, the prosecution said.

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