A 48-year-old man, Stephen Sunday, alleged to have issued a dud cheque for N4.3 million to a Cooperative Society in Oturkpo in Benue, appeared before a Makurdi Magistrate’s Court, on Friday.
According to the prosecutor, Mr Adama Owochio, the accused, a resident of Makurdi, had collected N3.5 million loan from Bristol Investment Cooperative Society Limited, Oturkp, at a 20 per cent interest.
The loan was expected to be paid within one month.
“The loan period expired on July 19, 2016 without payment and one Mr E. O. Samson petitioned the Commissioner of Police on the matter on Feb. 28, on behalf of the cooperative society.
“In the petition, Sunday was accused of issuing a Zenith Bank cheque for N4,291,896, to the cooperative society on Feb. 7.
“It further said that when the cheque was presented at the bank, it was returned on the ground that the accused account had no…
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