Posted by Chinenye on Tue 10th Nov, 2026 - tori.ng
A Nigerian man has been sentenced to two years in prison after spending nearly N22 million that mistakenly entered his bank account.
(Chinedu Francis. Photo by TVC news)
Chinedu Francis Nwabuisi, has been sentenced to 2 years in prison without the option of a fine for using N21.9 million that was wrongly credited to his bank account.
Justice Irele Ifijeh of the Edo State High Court in Benin City handed down the sentence after the Benin Zonal Directorate of the EFCC prosecuted the case.
According to the EFCC, the money was paid into Nwabuisi's account by mistake because of a system glitch at First Bank Plc.
He spent the N21,939,237.27.
The prosecution called two witnesses, a senior First Bank official and an EFCC operative, and presented documents that the court accepted.
Nwabuisi argued that he thought the money was a reward for running a Point of Sale (POS) business with the bank.
The judge rejected that defence and found him guilty.
The court also ordered him to pay back the full amount to First Bank.