By Erewunmi Peace

The Economic and Financial Crimes Commission (EFCC) has opened trial proceedings against Bishop Katung Jonas and one Okewole Dayo over an alleged ₦178.8 million fraud involving over 44,000 Nigerians.

According to testimonies presented before the Federal High Court in Jos, Plateau State, the bishop allegedly used church sermons and televised broadcasts to promote a cooperative investment scheme that promised attractive returns.

Sermons Turned Investment Pitches

The first prosecution witness, Sulaiman Kwalla, told the court that he was lured into investing in Covenant Fadama Cooperative after watching Bishop Jonas preach about it on Plateau Radio Television.

Kwalla and his wife invested a total of ₦300,000 with the expectation of a 10% monthly return, but the promises were never fulfilled. The scheme, he revealed, collapsed soon after attracting thousands of followers across Nigeria.

“I believed in the man of God. We were encouraged to invest and invite others,” Kwalla said during his testimony.

Charges and Court Proceedings

The EFCC has charged Jonas and Dayo with 23 counts of obtaining money under false pretenses. The prosecution claims the bishop abused his religious influence to mislead tens of thousands of Nigerians.

Although the total amount cited in the EFCC charge sheet is ₦178.8 million, the petition received by the Commission alleges the fraud may exceed ₦8 billion, with 44,000 victims across multiple states.

Documents submitted to the court reportedly include investor lists and financial records. The trial judge has adjourned the matter to allow a ruling on the admissibility of key evidence.

A Cautionary Tale

The case highlights the increasing trend of religious influence being used to promote fraudulent investment schemes, particularly among vulnerable populations seeking financial stability.

The EFCC has urged Nigerians to exercise caution and verify all financial schemes—especially those promoted under religious or emotional appeal.