[MUST READ] How Bishop And Bank MD Defrauded 64,000 People Of N11.5bn

The Economic and Financial Crimes Commission has dragged a bishop of a church and a former bank manager accused of defrauding customers the sum of N11.5 billion naira to court.

A Federal High Court sitting in Jos, the Plateau State capital, has been told how Bishop of Maranatha Church, Jonas Katung and a Bank Managing Director of Dadin Kowa Microfinance Bank Limited, Mr. Irmiya Jatau, planned to defraud about 64,000 customers of the defunct Covenant Fadama Cooperative Society to the tune of N11.5 bn.

The court however ordered the remand in prison of Jatau over N11.5bn fraud. The accused were slammed with 24 counts before Justice Musa Kurya. Joined with them in the charge are one Okewole Dayo and Dadin Kowa Microfinance Bank Limited.
In one of the counts filed against the accused, the EFCC alleged that sometime in 2012, they

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“did conspire with yourselves to commit money laundering contrary to Section 18 (a )of the Money Laundering (Prohibition) Act 2011, as amended by the Money Laundering (Prohibition) Act 2012 and punishable under Section 15 (3) of the same Act.”
 

The EFCC also accused them of transferring the sum of N50m from Covenant Fadama Cooperative Society account to a First Bank account, with number 2003050001625, into the Dadin Kowa Microfinance, First Bank account Number-2016452671.
This sum, the count said, represented proceeds of unlawful acts and amounted to an offence contrary to Section 15 (25) of the Money Laundering (Prohibition) Act, 2011, as amended by the Money Laundering amendment (Prohibition) Act 2012 and punishable under Section 54 of the same Act, among others.
However, when the charges were read to them, a little drama ensued. While all the accused pleaded not guilty, Bishop Katung was caught in two worlds. First he pleaded guilty to one of the counts before suddenly making a reversal and pleaded not guilty.
 
Having earlier been granted bail by the court earlier on December 9, 2015, Katung was let to walk free while all the others were remanded in prison custody.
The case was adjourned till March 7 for further hearing.

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Posted: at 4-02-2016 12:04 PM (8 years ago) | Hero

what a wicked and callous world.... imagine A whole Bishop involve in dis kind of trash.

I comment my reserve.

Posted: at 4-02-2016 12:15 PM (8 years ago) | Gistmaniac

Bishop my foot, he is a thief

Posted: at 4-02-2016 12:34 PM (8 years ago) | Upcoming

everything in da zoo is fake,fake bank managers,fake so called pastors,fake police,fake security personals,fake yeyebrities,fake president, fake governors,fake ministers,fake vc,fake students,etc.even an ordinary newspaper in da zoo is fake.
wasted entity.

Posted: at 4-02-2016 01:11 PM (8 years ago) | Gistmaniac

Only God knows His own

Posted: at 4-02-2016 01:38 PM (8 years ago) | Gistmaniac

CAN YOU IMAGINE, BISHOP FOR THAT MATTER. I ALWAYS SAID THAT THERE IS MAN OF GOD ON EARTH AGAIN. OYA MAKE THEN SEND THEM TO JAIL.

Posted: at 4-02-2016 02:27 PM (8 years ago) | Gistmaniac

I too am a Bishop

Posted: at 4-02-2016 04:04 PM (8 years ago) | Upcoming

se wahala sit down person just waka enter.

Posted: at 4-02-2016 07:19 PM (8 years ago) | Hero

mmmm this money wahala....
can make goat and lion fight

Posted: at 4-02-2016 08:45 PM (8 years ago) | Hero

fake bank managers,fake so called pastors,fake police,fake security personals,fake yeyebrities,fake president, fake governors,fake ministers,fake vc,fake students,etc.

Posted: at 5-02-2016 03:24 AM (8 years ago) | Upcoming