‎“Instead of refunding N272m…” — Man allegedly chooses 1-year jail over returning First Bank’s money


‎A Nigerian man has set social media on fire after reportedly choosing prison time instead of refunding money mistakenly credited to his account.
 
‎According to posts shared by @arhermadd on X, the man, Ogo Ehosa Kingsley, was mistakenly credited with ₦1.5 billion by First Bank — and allegedly spent the funds between June and November 2025.
 
‎📌 What happened next?
‎• EFCC arrested and prosecuted him on January 19, 2026
‎• He pleaded guilty to theft and fraud
‎• EFCC recovered ₦802.42m from his account and those of his mother & sister
‎• Over ₦300m was retrieved through transfer reversals
‎• Outstanding balance: ₦272,252,193.59
 
‎⚖️ The shocker:
‎Instead of refunding the remaining ₦272m, Kingsley reportedly told the court he would rather serve a 1-year prison sentence.
‎Yes. Jail over refund.
 
‎The case, heard at the Edo State High Court, has triggered massive online debate, with many Nigerians asking:
‎👉 “Was it worth it?”
‎👉 “One year for ₦272m… smart or senseless?”
‎Social media is still arguing. 👀🔥

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