Reverend Father Arrested Over N40.2m Fraud
Rev. Kim David Pam
The Economic and Financial Crimes Commission, EFCC, on Thursday arraigned Rev. Kim David Pam before Justice Yargate B. Nimpar of the Plateau State High Court on a 9-count charge bordering on stealing, fraudulent misappropriation and criminal breach of trust.
The accused is said to have abused his position as Chairman of Goodliving Multi-purpose Cooperative Society and the sole signatory of the accounts domiciled in First Bank Nigeria Plc and Zenith Bank Nigeria Plc. Rev Pam pleaded not guilty to all the charges.
Count 5 of the charge reads, “that you Reverend David Kim Pam between the 23rd day of April 2012 and the 11th day of May 2012 through one James Pam misappropriated the sum of Eleven Million, Three Hundred and Fifty Eight Thousand, Five Hundred Naira (11,358,500.00) being money belonging to
Goodliving Multi Purpose Cooperative Society domiciled at First Bank Nigeria Plc Jos Main Branch and thereby committed an offence contrary to section 308 of the Penal Code Law of Plateau state and punishable under section 309 of the same Act”.
In view of his plea, the prosecution counsel asked the court to fix a date for trial.
Counsel to the accused, Samuel Obende made an oral application for bail which was vehemently opposed by the prosecution citing the severity of the offence which attracts 5 years imprisonment in the event of conviction.
Justice Nimpar granted bail to the accused in the sum of N5 million with two sureties in like sum. One of the sureties must own a landed property in Bukuru area of Jos and must be a public servant not below the level of Director.
Justice Nimpar adjourned the case to December 9, 2013 for hearing.
-The Street Journal
READ MORE: http://news.naij.com/53072.html
