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    Praise Igbo: Court jails man for $115,000 Bitcoin fraud

    David GreatBy David GreatDecember 11, 2024No Comments2 Mins Read
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    Praise Igbo: Court jails man for $115,000 Bitcoin fraud
    Praise Igbo
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    The Federal Capital Territory (FCT) High Court in Jabi, Abuja, has convicted and sentenced Praise Humphrey Igbo, also known as Jessica Allen, to one year in prison for internet fraud amounting to $115,000.

    The judgment was delivered by Justice H.L. Abba-Aliyu on Wednesday, December 11, 2024.

    The Economic and Financial Crimes Commission (EFCC) prosecuted Igbo on a one-count charge of internet crime, criminal impersonation, obtaining money under false pretenses, and money laundering.

    According to the EFCC, in a statement by it Head of Media and Publicity, Dele Oyewale, Igbo deceived an American victim, Aaron Baker, by posing as “Jessica Allen,” a successful cryptocurrency trader. The court was told that Igbo “fraudulently obtained 5.26 Bitcoins worth One Hundred and Fifteen Thousand United States Dollars ($115,000) by false pretense,” an act described as contrary to Section 321 of the Penal Code Act Abuja, Cap 532 LFN 2004, and punishable under Section 324 of the same Act.

    When the charge was read, Igbo pleaded guilty, prompting EFCC counsel M.K. Hussain to request his conviction and sentencing.

    • N6m Fraud: Court jails Aisha Alkali Wakil, two others

    Justice Abba-Aliyu sentenced Igbo to one year in prison but gave him the option of paying a fine of ₦1 million. She also ruled that funds recovered from Igbo—$16,110 in cash, $67,487.79 worth of cryptocurrency, and money in his bank account—should be used to restitute the victim through the American Embassy.

    The case began when Baker, a resident of East Baton Rouge Parish in the United States, petitioned the EFCC, alleging that Igbo, under the guise of offering a cryptocurrency investment opportunity on Blockchain.com, had swindled him.

    Oyewale further reassured the public of the agency’s commitment to combating cybercrime and ensuring justice for victims.

     

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    Federal High Court in Lagos rules against the National Assembly’s N110 billion vehicle and allowance scheme, citing procurement and constitutional violations.

    Court declares National Assembly’s N110bn vehicle, allowance scheme unlawful

    June 7, 2026
    OPEC+ pauses oil output hike despite geopolitical tensions in Venezuela

    OPEC+ increases production quotas for July

    June 7, 2026
    Zulum denies Sowore’s claims of torture chamber in Borno

    Zulum hails Tinubu over rescue of 360 Borno captives

    June 7, 2026
    Kidnappers demand release of terrorists for abducted ex-Army spokesman

    Kidnappers demand release of terrorists for abducted ex-Army spokesman

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    Donald Trump announces new US green card application policy affecting Nigerians and other foreign nationals.

    US shoots down Iran drones as war reaches 100th day

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