Close Menu
Chronicle NG
    Trending Stories
    EFCC operatives at University of Uyo Teaching Hospital during incident involving tear gas and hospital staff reaction.

    EFCC will discipline officers over UUTH raid – Olukoyede

    May 19, 2026
    Desmond Elliot speaking during an interview on Channels Television about the attempted impeachment of Mudashiru Obasa.

    We thought Obasa’s impeachment had Tinubu’s backing – Desmond Elliot

    May 19, 2026
    Jonathan: Abaribe urges Gowon to 'write his own book, reveal truth about 1966 coup'

    Jonathan lauds Gowon over NYSC scheme, civil war reconciliation

    May 19, 2026
    Facebook X (Twitter) Instagram
    Trending
    • EFCC will discipline officers over UUTH raid – Olukoyede
    • We thought Obasa’s impeachment had Tinubu’s backing – Desmond Elliot
    • Jonathan lauds Gowon over NYSC scheme, civil war reconciliation
    • AGF, Jonathan oppose 2027 eligibility suit
    • Tinubu era records $8bn capital spending milestone – IMPI
    • Togo grants visa-free entry to all African citizens
    • Maresca to replace Guardiola as Man City manager
    • Sadiya Farouq: Court sustains arrest warrant against ex-minister
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Tuesday, May 19
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

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

    David GreatBy David GreatDecember 11, 2024No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Praise Igbo: Court jails man for $115,000 Bitcoin fraud
    Praise Igbo
    Facebook Twitter WhatsApp

    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.

     

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    EFCC operatives at University of Uyo Teaching Hospital during incident involving tear gas and hospital staff reaction.

    EFCC will discipline officers over UUTH raid – Olukoyede

    Desmond Elliot speaking during an interview on Channels Television about the attempted impeachment of Mudashiru Obasa.

    We thought Obasa’s impeachment had Tinubu’s backing – Desmond Elliot

    Jonathan: Abaribe urges Gowon to 'write his own book, reveal truth about 1966 coup'

    Jonathan lauds Gowon over NYSC scheme, civil war reconciliation

    Court fines lawyer N1m in suit seeking to stop Jonathan 2027 bid

    AGF, Jonathan oppose 2027 eligibility suit

    President Bola Tinubu speaking at a public event in Nigeria, representing federal government economic policy announcements.

    Tinubu era records $8bn capital spending milestone – IMPI

    Togo announces visa-free entry policy for all African passport holders for stays of up to 30 days.

    Togo grants visa-free entry to all African citizens

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    EFCC operatives at University of Uyo Teaching Hospital during incident involving tear gas and hospital staff reaction.

    EFCC will discipline officers over UUTH raid – Olukoyede

    May 19, 2026
    Desmond Elliot speaking during an interview on Channels Television about the attempted impeachment of Mudashiru Obasa.

    We thought Obasa’s impeachment had Tinubu’s backing – Desmond Elliot

    May 19, 2026
    Jonathan: Abaribe urges Gowon to 'write his own book, reveal truth about 1966 coup'

    Jonathan lauds Gowon over NYSC scheme, civil war reconciliation

    May 19, 2026
    Court fines lawyer N1m in suit seeking to stop Jonathan 2027 bid

    AGF, Jonathan oppose 2027 eligibility suit

    May 19, 2026
    President Bola Tinubu speaking at a public event in Nigeria, representing federal government economic policy announcements.

    Tinubu era records $8bn capital spending milestone – IMPI

    May 19, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.