24/01/2026
For some of Nigerians that will always pray for miracle money.. There's a thing as THEFT OR STEALING BY CONVERSION.
Any money you cannot account how it came yet you voraciously spend them will cause you more harm than good.
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ā"A First Bank customer, Ojo Eghosa Kingsley, became involved in a major c0ntroversy after the bank mistakenly credited his account with ā¦1.5 billion. Instead of notifying the bank and returning the funds, he divĀ£rted the money for personal use between June and November 2025.
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āHe was arrĀ£sted by the Economic and Financial Crimes Commission (EFCC) in Benin City, and on 19 January 2026, he was before the Edo State High Court. Kingsley was ch@rged with thĀ£ft and fr@ud under the Edo State Cr Law (2022).
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āUpon the reading of the ch@rges, he pleaded gu without hesitation. His counsel pleaded for lĀ£niency, citing his expression of remorse. However, the court delivered the following sĀ£ntence
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āOne year im or an option of a ā¦5 million fine and an order to refund the outstanding balance of ā¦272,252,193.59 to First Bank.
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āPrior to the judgment, the EFCC had recovered ā¦802,420,000 from Kingsleyās account, as well as from the accounts of his mother and sister, while the bank successfully reversed transactions totaling over ā¦300 million.
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āIn a dramatic turn of events, Kingsley informed the court that he preferred serving a pr sĀ£ntence to refunding the remaining amount.
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āIn effect, he openly chose in$arceration over the repayment of ā¦272 million"
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