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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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    The Christian Association of Nigeria (CAN) has declared a three-day national mourning period beginning June 12 over the worsening security situation in the country

    CAN declares national mourning, demands emergency over insecurity

    June 3, 2026
    Kingsley Chinda emerges Rivers APC governorship candidate

    Chinda: Rivers APC governorship candidate dumps PDP

    June 3, 2026
    Federal High Court in Abuja set to deliver judgment in the trial of five men accused of involvement in the 2022 Owo church terrorist attack.

    Court to deliver judgment on Owo church attack suspects today

    June 3, 2026
    President Bola Tinubu during an official government function in Nigeria.

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