Yahoo Boy Sentenced to One Year for Internet Fraud Worth $115,000

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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, his charge reads: “That you, Praise Humphrey Igbo sometime in 2022 in Abuja within the jurisdiction of this honorable court, with intent to defraud, did cheat by pretending to be one Jesisca Allen, a successful crypto currency trader in the United State of America and in that assumed character, fraudulently obtained 5.26 Bitcoins worth $115,000 by false pretence, property of Aaron Baker, thereby committed an offence contrary to Section 321 of the Penal Code Act Abuja, Cap 532 LFN 2004 and punishable under Section 324 of the same Act.”

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He pled “guilty” to the charge when it was read to him and Justice Abba-Aliyu convicted and sentenced him to one year imprisonment or to pay a fine of N1 million. She further ruled that the sum of $16, 110 and $67,487.79 worth of cryptocurrency recovered from him and the money in his bank account be used to restitute his victim through the American Embassy.

Igbo’s journey to the Correctional Centre started when a petitioner,  East Baton Rouge Parish (Aaron Bakker), an American, alleged that a the convict pretending to be one Jessica Allen, a purported crypto investor, stole $115,000 worth of Bitcoin from him on Blockchain.com after presenting an investment opportunity to him, which turned out to the fake.

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