Bishop, Bank MD, in the dock for defrauding 64,000 people of N11.5bn

A Bishop and a former Managing Director of a bank have been docked for defrauding customers of their hard earned money.

Officials of the EFCC

The duo were charged before Justice Musa Kurya, accused of duping the customers of the defunct Covenant Fadama Cooperative Society of the amount, alongside one Okewole Dayo and Dadin Kowa Microfinance Bank Limited.

The EFCC prosecutor, in one of the counts filed against Katung and the others, said that they committed the crime in 2012.

The anti-graft agency also accused them of transferring the sum of N50 million from Covenant Fadama Cooperative Society account, to a First Bank account, and the Dadin Kowa Microfinance Bank.

When the charges were read to them, a little drama played out as Bishop Katung pleaded guilty to one of the counts, before suddenly making a reversal and pleaded not guilty.

While the others were ordered to be remanded in prison custody till the next adjourned date of March 7, Bishop Katung was granted bail on self recognition.

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