Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account - Crime

Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account - Crime - Nairaland

Nairaland Forum › Nairaland General › Crime › Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account (39266 Views)

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Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Islie(op): 12:14pm On Jan 21

A First Bank PLC customer, Ojo Eghosa Kingsley, has opted to go to prison than to refund the sum of N1.5b mistakenly credited into his account.

P.M.EXPRESS reports that the suspect, Kingsley, was arrested by the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, over his conduct.

Thus, the EFCC charged him before the High Court on Monday 19th January, 2026 and secured his conviction before Justice W. I. Aziegbemhin of Edo State High Court, sitting in Benin City.

The convict, Kingsley, was prosecuted on one-count charge bordering on stealing while being a customer of First Bank and fraudulently took possession of over N1.5 billion erroneously credited to his account by the bank.

The charge against him read: ‘That you OJO EGHOSA KINGSLEY (M) sometime between June, 2025 to November, 2025 within the jurisdiction of this Honourable Court, did steal the aggregate sum of N1,507,502,182.24 (One Billion, Five Hundred and Seven Million, Five Hundred and Two Thousand, One Hundred and Eighty Two Naira, Twenty Four Kobo), property of First Bank Plc by fraudulently converting the said sum to your own use, and thereby committed an offence contrary to Section 387(1) of Criminal Law of Edo State 2022 and punishable under Section 394 of the same Law”.

He pleaded guilty to the charge when it was read to him, prompting the prosecution counsel, M. S. Dahiru, to pray the Court to convict and sentence him accordingly.

However, counsel to the defendant pleaded with the Court to temper justice with mercy, stating that the defendant had become remorseful for his action.

The presiding judge, Justice Aziegbemhin, convicted and sentenced Ojo Eghosa Kingsley to one year imprisonment or a fine of N5 million.

The Court also ordered the convict to restitute First Bank Plc with the sum N272, 252,193,59 (Two Hundred and Seventy Two Million, Two Hundred and Fifty Two Thousand, One Hundred and Ninety Three Naira, Fifty Nine Kobo) within a stipulated period of time being the balance of the N1.5 billion.

The EFCC had during investigation recovered the sum of N802,420,000 from various bank accounts traced to the defendant, his mother and sister, which was handed over to the bank by the Ag. Zonal Director of the Benin Zonal Directorate,

Deputy Commander of the EFCC, DCE Sa’ad Hanafi Sa’ad, on Monday 12th January, 2026, while over three hundred million was recovered from the defendant’s account by the bank through transfer reversal.

Aside the restitution, conviction and sentence, the convict, Kingsley made an undertaking in writing to be of good behaviour in future if he fulfills the conditions and is released from prison custody

https://pmexpressng.com/bank-customer-convicted-over-refusal-to-refund-n1-5b-mistakenly-credited-to-his-account/

3 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by brain54(m): 12:38pm On Jan 21

1.5 billion naira... shocked

Looks tempting I can't lie!

62 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by fmlala: 12:42pm On Jan 21

He could rotten in jail if he fails to do resttution on time.

9 Likes 4 Shares

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Juliette5803(f): 12:42pm On Jan 21

This story looks inconclusive,I can't believe this

23 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by fidet1(m): 12:42pm On Jan 21

So, you keep 1.5bn that doesn't belong to you and you still remain in the country. Not wise

Wetin do bank reversal? 1.5b, omo, I'm out of the country within 12hrs

123 Likes 5 Shares

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by autoez: 12:42pm On Jan 21

I don't blame the man sha. Country hard.

Do you you blame him?

18 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by officialmario(m): 12:43pm On Jan 21

The money loud gan
I no fit return am

25 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by OgwuEgo: 12:43pm On Jan 21

Good cash where will he find 5 meter.

6 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by HumbleOptimist(m): 12:43pm On Jan 21

I would have gotten to China before anyone can track me.
That's a fvcking Million Dollar

44 Likes 4 Shares

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by whippersnapper(m): 12:43pm On Jan 21

Kudos to him. Very brave man. He should be conferred that award given to chigoury. No be my account una go use launder money. Make him sha settle all him family members first

33 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by autoez: 12:43pm On Jan 21

fidet1:
Wetin do bank reversal? 1.5b, omo, I'm out of the country within 12hrs

Another African country by flight. All the 1.5b converted to Crypto sharply

44 Likes 2 Shares

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by TempleHouse: 12:44pm On Jan 21

The fraudulent wisest Man in Nigeria 😀

6 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by tiswell(m): 12:44pm On Jan 21

Is that even legal?
Dem force dem send money to his akant?

The defendant nor hire beta lawyer

41 Likes 2 Shares

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Sirleo05: 12:44pm On Jan 21

Give a poor man too much money and see his true character unveils.

4 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by TempleHouse: 12:45pm On Jan 21

90% of NIGERIANS will likely do same to First Bank

13 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Trendtips(f): 12:45pm On Jan 21

I wonder what he told investigators to make them believe they cannot recover the balance
It doesn’t add up

5 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by CodeTemplarr: 12:45pm On Jan 21

With N100k a month in support from friends n family, he wont suffer too much inside that prison. Poverty is a multiplier of evil.

3 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Walai(m): 12:45pm On Jan 21

Nigerians behold an agbadorian supporter of Tinubu regime. He is ready to escape Nigeria with any slightest opportunity while standing on his ~~manhood~~ mandate

fidet1:
So, you keep 1.5bn that doesn't belong to you and you still remain in the country. Not wise

Wetin do bank reversal? 1.5b, omo, I'm out of the country within 12hrs

14 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Doyou2019: 12:45pm On Jan 21

autoez:
I don't blame the man sha. Country hard.

Do you you blame him?

Ole ni gbogbo yin jor. Hear this one.

7 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by ecolime(m): 12:46pm On Jan 21

whippersnapper:
Kudos to him. Very brave man. He should be conferred that award given to chigoury. No be my account una go use launder money. Make him sha settle all him family members first

E mean say you go tey for prison.

He will make restitution until he is released.

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Burob: 12:46pm On Jan 21

autoez:
I don't blame the man sha. Country hard.

Do you you blame him?

Them & una na the same people that will be calling Tinubu & government officials thieves, small 1 billion enter your account, you’d rather go to prison than refund the money?

All of una, na the same, criminals & the ones accusing the criminals.

6 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Goo0dHardDick: 12:46pm On Jan 21

You had 1.5b and you are still in Nigeria?

6 Likes 2 Shares

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by thomas2024: 12:47pm On Jan 21

Use am buy crypto and japa straight

3 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by motymop: 12:47pm On Jan 21

This is beautiful

i didnt know that crime pays in Nigeria grin

1 Like

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by dominique(mod): 12:47pm On Jan 21

None of his family members he speead the money across could not advise him that this money is too big to be ignored and will be traced? They all deserve to be arrested

8 Likes 1 Share

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Lifestone(m): 12:47pm On Jan 21

whippersnapper:
Kudos to him. Very brave man. He should be conferred that award given to chigoury. No be my account una go use launder money. Make him sha settle all him family members first

They have retrieved over N802Million from him and will still restitute over N200million.
Crime doesn't pay

3 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Dogalmighty17: 12:48pm On Jan 21

He is going to prison for nothing. EFCC has already recovered 800 million. First Bank on their own did transfer reversal of another 300 million. He has the option of paying a 5 million naira fine or going to prison for 1 year. But he MUST still pay back 272 million naira. If he doesn't, the court will give him a heavier sentence. In all, he has lost.

34 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Charlie2020(f): 12:48pm On Jan 21

This is confusing. Did he withdraw the 1.5Bn to forestall a reversal?

3 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by Lifestone(m): 12:48pm On Jan 21

HumbleOptimist:
I would have gotten to China before anyone can track me.
That's a fvcking Million Dollar

Interpol will bring you back fast.

8 Likes

Re: Man Convicted Over Refusal To Refund ₦1.5B Mistakenly Credited To His Account by alphaconde(m): 12:49pm On Jan 21

if someone parks a car in your compound with the keys, does it mean its yours to drive?

please transfers into your accounts in error should be returned. Anything else is stealing

11 Likes 1 Share

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