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Place the oil in a 6-quart stockpot and bring to 350°F.
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Preheat the oven to 250°F.
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In a medium bowl, sift the flour with the baking powder, sugar, cinnamon, nutmeg and salt.
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In a separate bowl, combine the eggs, vanilla and milk and whisk vigorously to blends.
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Gradually add the egg and milk mixture and whisk until smooth.
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Pour the mashed bananas into the fritter dough and gently combine.
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Drop the fritter batter into the hot oil by the spoonful (about 1-1/2 tablespoons batter per spoonful).
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Fry the batter in batches, about 8-10 fritters at a time and cook for 3 minutes, turning once to evenly brown.
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Remove fritters from oil and drain on paper-lined cookie sheet.
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Place the cookie sheet in the oven while you continue to fry the remaining fritters.
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Once all the dough has been fried, leave the fritters in the oven while you make the glaze.
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Glaze:.
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Combine apricot and orange juice in a 1-quart saucepan and bring to a boil.
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Continue to boil until the orange juice is reduced by about half and the jam starts to thicken, about 4-5 minutes.
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Remove the fritters from oven and arrange on a platter.
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Drizzle with the apricot glaze.
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Sprinkle the almonds over the glazed fritters and sprinkle with the confectioner's sugar.
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Serve immediately.