26/01/2026
LEGAL MONDAY 💼⚖️
Hey guys, it’s another Legal Monday!
Today, we are discussing the legal maxim:
*Ignorantia juris non excusat*
*Ignorance of the law is no excuse.*
This maxim simply means that not knowing the law does not free a person from legal responsibility.
Our attention was drawn to the recent sensational case of Mr. Ojo, whose bank account with First Bank was allegedly erroneously credited with the sum of ₦1.5 billion. Efforts were reportedly made to recover the money, but he refused to refund it.
Following the intervention of the EFCC, he was charged to court, where he pleaded guilty.
The court subsequently sentenced him to one year imprisonment or an option of a ₦5 million fine, and also ordered the refund of ₦272 million, being the amount unlawfully converted by him.
This naturally raises very important questions:
👉 Can you lawfully spend money that was erroneously transferred into your bank account?
👉 Why will spending such money land you in prison?
The answer is straightforward.
When money enters your bank account by mistake, the law does not see it as a blessing.
It is regarded as a *temporary trust* that must be returned to the rightful owner.
In simple terms:
Saying “I didn’t know I had to return it” does not protect you from liability.
The legal position is clear:
• Money paid into your account by mistake does not become yours.
• Spending it may amount to criminal misappropriation, obtaining by false pretence, or stealing, depending on the circumstances.
• Even after pleading guilty, the court can still order you to refund the money.
Key takeaway:
Prison term does not legalise wrongly received money.
Punishment and refund can go hand in hand.
📌 If you receive an unexpected credit, report it immediately.
Silence is not innocence.
Be vigilant.
Stay aware.
Know the law.