Close Menu
Chronicle NG
    Trending Stories
    Donald Duke announced as PRP presidential candidate for Nigeria’s 2027 general elections during party review meeting.

    Donald Duke named PRP presidential candidate for 2027

    June 7, 2026
    Sharafadeen Alli denies kidnapping Adelabu's sister, twin children

    Sharafadeen Alli denies kidnapping Adelabu’s sister, twin children

    June 7, 2026
    MTN faces backlash over rapid data depletion

    Nigeria data, among top four world’s cheapest – MTN

    June 7, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Donald Duke named PRP presidential candidate for 2027
    • Sharafadeen Alli denies kidnapping Adelabu’s sister, twin children
    • Nigeria data, among top four world’s cheapest – MTN
    • Fire destroys 20 shops, goods worth over N100m in Ibadan
    • Court backs SERAP, declares N110bn National Assembly vehicle, allowance scheme illegal
    • Court declares National Assembly’s N110bn vehicle, allowance scheme unlawful
    • OPEC+ increases production quotas for July
    • Zulum hails Tinubu over rescue of 360 Borno captives
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, June 7
    • 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

    Donald Duke announced as PRP presidential candidate for Nigeria’s 2027 general elections during party review meeting.

    Donald Duke named PRP presidential candidate for 2027

    Sharafadeen Alli denies kidnapping Adelabu's sister, twin children

    Sharafadeen Alli denies kidnapping Adelabu’s sister, twin children

    MTN faces backlash over rapid data depletion

    Nigeria data, among top four world’s cheapest – MTN

    Dugbe fire destroys 20 shops at the NIPOST Shopping Complex in Ibadan, with losses exceeding ₦100 million after a late-night blaze

    Fire destroys 20 shops, goods worth over N100m in Ibadan

    SERAP wins landmark Federal High Court case challenging the National Assembly’s N110 billion vehicle and allowance scheme.

    Court backs SERAP, declares N110bn National Assembly vehicle, allowance scheme illegal

    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

    Subscribe to News

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

    Donald Duke announced as PRP presidential candidate for Nigeria’s 2027 general elections during party review meeting.

    Donald Duke named PRP presidential candidate for 2027

    June 7, 2026
    Sharafadeen Alli denies kidnapping Adelabu's sister, twin children

    Sharafadeen Alli denies kidnapping Adelabu’s sister, twin children

    June 7, 2026
    MTN faces backlash over rapid data depletion

    Nigeria data, among top four world’s cheapest – MTN

    June 7, 2026
    Dugbe fire destroys 20 shops at the NIPOST Shopping Complex in Ibadan, with losses exceeding ₦100 million after a late-night blaze

    Fire destroys 20 shops, goods worth over N100m in Ibadan

    June 7, 2026
    SERAP wins landmark Federal High Court case challenging the National Assembly’s N110 billion vehicle and allowance scheme.

    Court backs SERAP, declares N110bn National Assembly vehicle, allowance scheme illegal

    June 7, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

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