Man Chooses 1-Year Imprisonment Instead Of Refunding ₦1.5 Billion Mistakenly Paid Into His Account

A Nigerian man has sparked widespread reactions online after reportedly choosing to serve a one-year jail term rather than refund ₦1.5 billion mistakenly credited to his First Bank account. The incident was shared on X (formerly Twitter) by user @arhermadd, who identified the man as Ogo Ehosa Kingsley. According to the post, Kingsley allegedly diverted…

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JUST-IN: First Bank Reacts To Report Of Losing N7 Billion To Fraud Incident

GISTSMATE MEDIA gathered that First Bank of Nigeria (FBN) has denied having any record of fraud incident in its institution. The bank’s statement follows a recent media report which claimed that the bank lost N7 billion to a fraud incident. According to the report, the incident, which reportedly began several months ago, involved the unauthorised…

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