MAN CHOOSES JAIL OVER ₦272M REFUND AFTER FIRST BANK ERROR CREDIT
By Ali Elias
A First Bank customer, Ojo Eghosa Kingsley, has sparked widespread public debate after openly choosing a prison sentence over refunding ₦272 million, the outstanding balance from a ₦1.5 billion mistakenly credited to his account.
Kingsley was arraigned on 19 January 2026 before the Edo State High Court in Benin City by the Economic and Financial Crimes Commission (EFCC) on charges of theft and fraud, contrary to the Edo State Criminal Law (2022). The charges stem from a banking error that saw his account credited with ₦1.5 billion, funds which prosecutors said he knowingly diverted for personal use between June and November 2025.
Upon the reading of the charges, Kingsley pleaded guilty without hesitation. His counsel appealed to the court for leniency, citing his clie...









