The Economic and Financial Crimes Commission, EFCC, on Monday December 7th arraigned the trio of Okewole Dayo (alias Okewole David Dayo), Bishop Katung Jones and Dadin Kowa Micro Finance Bank Limited before Justice Lewis Allagoa of the Federal High Court sitting in Jos, Plateau State on a 24-count charge bordering on conspiracy, money laundering and obtaining by false pretence to the tune of N123, 000,000.00 (One hundred and twenty three million naira).


The accused persons allegedly conspired to form a cooperative society, through which they allegedly swindled unsuspecting “cooperators” of millions of naira.

Instead of investing the contributions of members as agreed, the accused persons allegedly deposited members’ monies in a bank, Dadin Kowa Micro Finance Bank and subsequently had all withdrawn using proxies.

The accused persons pleaded not guilty to the charge preferred against them.

In view of their plea, counsel to the EFCC, Larry Peters Aso urged the court to remand the accused persons in prison custody pending the commencement of trial.

However, the defence counsel, Charles Obisha, SAN, prayed the court to admit the accused to bail adding that, he had filed and served the prosecution with the bail application.

Responding, Aso told the court that, the bail application was served on him this morning and that he needs time to respond.

Justice Allagoa, adjourned the case to December 9, 2015 for hearing on the bail application and ordered the suspects to be remanded in prison custody.

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