These are not the best of times for Providus Bank Plc. as one of its Branch Managers has been ordered by a Federal High Court, Lagos division to appear before it over a N144 million fraud allegation.
The Branch Manager, Mariam Isoje, will have no choice but to appear before the Federal High Court in Lagos to take her plea on the alleged N144 million fraud.
Justice Yelim Bogoro gave the order on Monday, November 21st, 2022.
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 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 N144 million 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 N60.48 million, 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.
