BREAKING: Man Jailed Over Refusal to Refund ₦1.5bn Mistaken Credit

Man Jailed Over Refusal to Refund ₦1.5bn Mistaken Credit

A First Bank customer, Ojo Eghosa Kingsley, has been convicted by an Edo State High Court for refusing to refund ₦1.5 billion mistakenly credited to his account.

Man Jailed Over Refusal to Refund ₦1.5bn Mistaken Credit

Kingsley was arrested by the EFCC and pleaded guilty to a one-count charge of stealing and fraudulent conversion. Justice W. I. Aziegbemhin sentenced him to one year imprisonment or a ₦5 million fine.

The court also ordered him to refund ₦272.25 million, being the outstanding balance. The EFCC had earlier recovered over ₦1.1 billion from his account and those of his relatives.

Kingsley signed an undertaking to maintain good behaviour upon fulfilling the court’s conditions.