FCT Court Sentences Man in $115,000 Bitcoin Scam Against American

Nigerian Court Jails Fraudster for $115,000 Cryptocurrency Scam

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 defrauding an American victim, Aaron Baker, of $115,000 in a Bitcoin scam.

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.

Igbo pleaded guilty to the charges, and Justice H.L. Abba-Aliyu sentenced him to one year in prison but gave him the option of paying a fine of ₦1 million.

The court also ruled that funds recovered from Igbo, including $16,110 in cash and $67,487.79 worth of cryptocurrency, should be used to restitute the victim through the American Embassy.