Instead of notifying the bank and returning the funds, he diverted the money for personal use between June and November 2025.
He was arrested by the Economic and Financial Crimes Commission (EFCC) in Benin City, and on January 19, 2026, he was arraigned before the Edo State High Court.
Kingsley was charged with theft and fraud under the Edo State Criminal Law (2022).
After the charges were read, he pleaded guilty without hesitation.
His counsel pleaded for leniency, citing his expression of remorse. However, the court delivered the following sentence:
•One year imprisonment or an option of a ₦5 million fine; and
•An order to refund the outstanding balance of ₦272,252,193.59 to First Bank.
Prior to the judgment, the EFCC had recovered ₦802,420,000 from Kingsley’s account, as well as from the accounts of his mother and sister, while the bank successfully reversed transactions totaling over ₦300 million.
In a dramatic turn of events, Kingsley informed the court that he preferred serving a prison sentence to refunding the remaining amount.
He chose to be jailed instead of refunding ₦272 million.
Idiotic man. Please sentence him to 20years
ReplyDeleteI’m nit in support of what he said but what last time i checked, none of the politicians that siphoned govt money into their pocket or powerful people and corporations that burrowed banks money without paying it back and ruined the bank has not refunded nor as the money being recovered from them. You see them and their families flaunting those excessive and are being praised by netizens. How can a jobless person be carrying an Hermes crocodile bag worth over $150,000 and have more than one be idolized just because she is a daughter or wife of a politician? Unfortunately the system is rigged and rotten from the top
DeleteI’m nit in support of what he said but what last time i checked, none of the politicians that siphoned govt money into their pocket or powerful people and corporations that burrowed banks money without paying it back and ruined the bank has not refunded nor as the money being recovered from them. You see them and their families flaunting those excessive and are being praised by netizens. How can a jobless person be carrying an Hermes crocodile bag worth over $150,000 and have more than one be idolized just because she is a daughter or wife of a politician? Unfortunately the system is rigged and rotten from the top
DeleteWhat he does not know is that after serving the sentence he will still pay the balance.
DeleteHe is going to jail.gor.one year,become an ex-convict AND will still have to refund the balance of 272 million Naira. Its not a case of go to jail instead of refunding the remaining money as most commenters down below are thinking. He will pay the balance one way or another.
DeleteHe chose to be jailed instead of refunding....what a man!! 😂.
ReplyDeleteEiya
ReplyDeleteGet rich or kpai trying
Owu na bastidd
All die na die...na the bank loose
ReplyDeleteHis investments will be running while his away
I thought the bank could take it back since it's still in his account? Anyone that knows should please enlighten me
ReplyDeleteNo, the money is no longer in his account. He's spent it. They can only trace what they can tie to him and maybe with court order seize. Only thing is, he may have hidden it all 🤣
DeleteSince they didnt take it back it means he had already spent it, the money is no longer sitting in any of his accounts, not just with First bank. If not wt BVN they wud have collected everything.
DeleteHe invested some of the monies. He used part of it for flexing and buying of new clothes and cars
DeleteIt's not in his account with the bank. The poster said "he diverted it".
DeleteThank you Castle and Annons. I've learnt this one now
DeleteVery terrible mindset 😠😠😠
ReplyDeleteFor money that is not his to begin with.
DeleteChai!!!
ReplyDeleteChai!!!
Chai!!!
1 year is nothing. Maybe if they'd stretched it to 10 years, then he'd reconsider.
ReplyDeleteA lot of people will choose to go to jail for two years even than give up 272 million naira.
Which kain story is this when the bank with a court order has the right to debit him?
ReplyDeleteWhat don't you people use your brains well?
DeleteWill he leave all the money sitting in his account?
He would have bought houses, cars, jewelry, trips abroad , etc
So where will the bank see the remaining cash to collect from his account?
This Is Wickedness
ReplyDeleteGreedy Man
Kaiiiiiiiiiiiiiiii
Money Wey No be Your Own oo
Hello iya Boys
272million plus is a whole lot. In less than 8 months he's out of prison. Las Las the bank lose if they can't trace or liase with other banks to get their money back.
ReplyDeleteThe 272m is obviously not in any account. It may have been used for material things that cannot be traced
DeleteI wish there's a way the bank can get the money back even after he's done with his time.Greedy man
ReplyDeleteThey can’t.. o ti lo
DeleteHe lacks integrity.
ReplyDeleteI am telling you, reminds me of one of John Grishams novel I read years ago, I can't remember the title but one lawyer stole money from his firm and was on the run, then his gf got hold of the money and went on the run,
DeleteThere is something about money o, very strong something.
Dey play. Where will he see 272 million from ? 8 months he’s out and bank can’t do shit anymore
DeleteGod's favours, he lacks discipline too.
DeleteYes Gifty, there's a bad spirit associated with money... especially the one they didn't work for 😁
Hahahaha
ReplyDeleteVery funny man.
If the jail term is just 1 year( which is actually 9months), I think it’s worth it jare.They will most likely deduct the time he’s already spent before judgement.
Here's one thing he hasn't considered. He can't operate a bank account in Nigeria anymore. Any kobo that enters any of his accounts is going to get wiped off. The EFCC will keep close tabs on him. He can't buy any car neither can he build any house. As soon as he does, the EFCC will seize them.
ReplyDeleteI don't think he really thought this through.
As if your efcc is efficient and clean. Thieves
DeleteNope, they can’t touch his money after hes done time
DeleteDey play..smart cash ti wa okay
DeleteMost people shouting,he's this and that are only saying it for the camera o. In the corner of their room they all wished they're in his shoes . The alaye should have diverted everything to buy crypto currency, it can't be traced
ReplyDeleteOmo if na me dem no go see shishi again...
DeleteThieves mentality
DeleteGreedy man. You think the money belongs to the bank alone? Other customers' hard earned money are also there. He should be jailed for a long time. Oniranu, Ole eniyan.
ReplyDeleteDon't mind his colleagues on the blog. Some even comparing this to the politicians that think like them.
DeleteMy former boss did the same thing, he went to jail in 2009 because he refused to return 500 million, he spent few years in jail and when he came out he became really wealthy, he is one of the richest real estate guru in Enugu but most don't know about his story.
ReplyDeleteWow! Hmmm...
DeleteAre you serious?
DeleteThey don't care about reputation.
Reputation kee ur papa
DeleteAnon as my papa don kuku die na you and your generation reputation go kill. Thief.
DeleteImagine the bold thievery 😮
DeleteThis thing called money ehn...wetin e go cause
ReplyDeleteSo he didn't even think he can die before his jail term elapses
He didn’t do well but then who’s the owner of the money? What’s the source? It could be a case of thief meeting thief.
ReplyDeleteHe doesn't mind becoming an ex convict because of money. He thinks this is USA where ex convicts get employed and treated well after serving their jail term.
ReplyDeleteFresh, you say what you don't know with so much audacity. You never see anything.
DeleteWhere in US are excons employed and treated well?
DeleteDey play...exconvicts become presidents,senators and governors in Nigeria
DeleteHere do you guys have data base? If he comes out after few years, if he doesnt tell his story, do you or any body have any way of knowing? Not like you can click his name and his details will come up. Highest, he can’t work in the banking industry again but he can do other things.
DeleteBut how come,the bank did not noticed it on time? Or he withdrew the money immediately?
ReplyDeleteWahalA pro max
ReplyDeleteThe court sef didn't try, which one is one year. Had it been he was sentences to 10yrs and above nobody will tell him to refund the money.
ReplyDeleteMaybe the judge has been bribed, because that jail term isn't making sense.
DeleteI don’t understand this his sentence
ReplyDeleteIs it to refund the balance of the money and pay 5m fine or go to prison and forfeit the money……
His juju paid off big time. His bushman don work for him and tell him not to pay it back, so that’s why he refused. Money from spirit land reach bank account on earth.
ReplyDeleteI know someone who would have done this too. Some ppl are built different😀
Omo!!!
ReplyDeleteGood, 227000000 was enough him to settle and build his features,
ReplyDeleteMost of you in comment section are dumb mehn! He will refund 227m whether he’s serving or not then a fine of 5m is the reason he’s serving, pay 5m or u serve for 1yr
ReplyDelete