Man Jailed for Spending ₦21.9m Mistakenly Credited to His Account

A man has been sentenced to two years in prison without the option of a fine for spending ₦21.9 million mistakenly credited to his bank account. The EFCC said the money was transferred after a system glitch at First Bank Plc. The court also ordered him to repay the bank ₦21,939,732.27. The man told the court he believed the money came from his Point of Sale business with the bank. After hearing evidence from a bank official and an EFCC operative, the judge found him guilty.

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