Providus Bank manager wanted in court for alleged N144m fraud

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A Federal High Court, Lagos division has ordered a Providus Bank Plc branch head Mariam Isoje to appear before it to take her plea on an alleged N144million fraud.

Justice Yelim Bogoro gave the order on Monday.

The order followed a complaint by prosecution counsel Henry Obiaze that Isoje had failed to appear for arraignment since the police filed charges against her.

The Providus Bank official and a bureau de change (BDC) operator, Ibrahim Abdulmumin, are defendants in a four-count charge of alleged conspiracy, obtaining by false pretence, concealing proceeds of unlawful activities and fraud of N144 million.

The police alleged that the defendants conspired and fraudulently obtained the sum of N144m from their victims, under the pretext of exchanging the money to $250,000.

Isoje was accused of concealing the proceeds of unlawful activities in the sum of N60.48million, derived directly from Ibrahim.

The prosecutor said the alleged offences contravened sections 18 (2)(b) and 20 (a)(b)of the Money (Prohibition) Act, 2022 and sections 8 (a) and 1(1) (3) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006.

The judge adjourned till February 16, 2023 for the banker’s arraignment.

Source: QED

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