A man who received ₦21.9 million he was not expecting in his bank account has landed in prison after spending the money instead of reporting the mistaken transfer.
Chinedu Francis Nwabuisi was sentenced to two years’ imprisonment without an option of fine by the Edo State High Court sitting in Benin City for converting the funds to his personal use.
The Economic and Financial Crimes Commission disclosed this in a statement on Tuesday, November 10, 2026, identifying the money as ₦21,939,237.27, which was mistakenly credited to Nwabuisi’s account following a system glitch at First Bank Plc.
The EFCC said Justice Irele Ifijeh convicted the defendant after finding him guilty of converting the funds, which did not belong to him, for personal use.
Nwabuisi was prosecuted by the commission’s Benin Zonal Directorate. During the trial, prosecution counsel, M.S. Dahiru, called two witnesses, including a senior First Bank official and an EFCC operative.
Several documents were also presented as exhibits and admitted by the court.
Announcing the conviction, the EFCC said the court sentenced Nwabuisi to two years in prison without an option of fine.
The case highlights the legal consequences of treating money mistakenly transferred into a personal bank account as one’s own, rather than reporting the error and returning the funds.
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Kehinde Ayanboade
Kehinde Ayanboade is the Managing Editor and Publisher of Naija Metro News, with over eight years of experience covering Nigerian politics, crime, legislative proceedings and metropolitan affairs.
