‎First Bank mistakenly sent a man ₦1.5 billion… and has been arrested for spending it. 😭💸
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‎The customer, Ojo Eghosa Kingsley, reportedly got a crazy “error credit.” Some people would alert the bank, but he started spending the money.
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‎This happened between June and November 2025.
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‎EFCC picked him up in Benin City. They took him to the Edo State High Court. On January 19, 2026, and the charges were read.
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‎The man didn’t even fight it. He pleaded guilty immediately.
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‎The court then gave him two options: 1 year in prison… or ₦5 million fine. Plus an order to refund the remaining ₦272,252,193.59 to First Bank.
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‎Before judgment, EFCC said they already recovered ₦802,420,000 (including money traced to his mom and sister). And the bank reversed transfers worth over ₦300 million.
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‎Kingsley told the court he’d rather do 1 year in prison than refund the remaining ₦272 million. 😭
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Not now. But I definitely would when I was young and broke.