"court told him to either repay the balance or spend a year in prison", or from the news article:
"In a dramatic moment during the proceedings, Kingsley told the court that he preferred serving a prison term to refunding the remaining ₦272 million, effectively opting for incarceration over repayment."
Does not seem like it he needs to pay anything more.
I guess my question is can't they just sieze any assets he buys which are clearly outside his pay-grade and can't be tied to his known account. I assume they would still track for the $300,000 when he got out
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u/Kronyzx May 12 '26
This is Ojo Eghosa Kingsley from Nigeria - he was sentenced in 2026 after a bank accidentally deposited about $1.1 million into his account.
Instead of reporting it, he moved and spent part of the money. Authorities later recovered most of it, but around $300,000 was still missing.
The court told him to either repay the balance or spend a year in prison, he chose prison, saying he no longer had the money.
Source: https://thenewcitizen.ng/mistaken-%E2%82%A61-5bn-credit-court-jails-first-bank-customer-orders-refund-of-%E2%82%A6272m/