Man Mistakenly Receives N24 Billion State Allocation in His Account, Withdraws N750 million
- A man has been charged with larceny for spending N750 million from a bank error
- The bank mistakenly credited his account with N24 billion due to a system glitch
- Fraud Squad officers arrested him and recovered N450 million in cash from his home
A man named Joel Julien from Trinidad was arrested for stealing a million dollars from a bank that made a huge mistake.
The bank accidentally put more than N24 billion into his account, and he withrew about N750 million to spend before he was caught, Jamaican Observer reported.
Source: Getty Images
Man to explain in court why he spent N750m
The man faces a charge of larceny and would have to go to court to explain why he took the money that was not his.
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According to the police, the bank found out about the error when they checked their records.
They saw that a system glitch caused 32,347,308.55 dollars to go into Julien's personal account.
The police said that Julien used the money to withdraw cash from ATMs and buy things with his card.
He did this between November 18 and December 1 last year.
Lack of cooperation
The bank tried to get the money back from Julien, but he did not cooperate.
They reported him to the Fraud Squad, a special unit of the police that deals with crimes like this.
The Fraud Squad officers, led by Senior Superintendent Arlet Groome, investigated the case and arrested Julien.
They also found 600,501 dollars in cash at his home.
Julien was charged with larceny. Larceny is a crime of stealing something that belongs to someone else.
POS man mistakenly receives N280 million, spends it
Similarly, Legit.ng reported that a Nigerian man identified as Alfa Rafiu has been arrested after he was found spending the money erroneously sent to his account.
The total amount mistakenly sent to his account was N280 million and it was alleged to have been sent in batches, Tribune reports.
Alfa Rafiu who was resident of Akuji compound at Abayowa Area of Ilorin West Local Government Area began to spend the money without notifying the police.
Source: Legit.ng
