erroneous N330 million credit to her First Bank account, as reports claim she was allegedly warned by bank officials
not to disclose the incident to anyone.
The woman, identified as Aishat Isah Yelwa, reportedly discovered the huge sum in her account in late December,
triggering what has now become one of Nigeria’s most talked-about banking controversies.
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How the N330 Million Error Happened
According to investigative reports, Yelwa, a small-scale businesswoman from
Lapai Local Government Area of Niger State, initially visited her bank branch to complain about
unexpected loan deductions.
Hours later, she checked her account balance and was stunned to see
N330 million credited without any transfer alert or transaction reference.
Her normal account balance reportedly stood at just over N200,000.
Fearing the money could be linked to fraud or a banking error, she immediately contacted First Bank officials
to report the anomaly.
Alleged Warning From Bank Staff
An audio recording later published by investigative platform
FIJ
allegedly captured a First Bank staff member cautioning the woman
not to tell her family, friends, or the public about the incident.
The bank official reportedly told her that speaking publicly could:
- Damage her relationship with the bank
- Attract attention from anti-graft agencies like the EFCC
- Create unnecessary legal complications
The staff member also allegedly insisted that the N330 million was a
system error and not “real money,” claiming it was possibly a
loan limit mistakenly displayed as cash.
First Bank N330m Refund: Woman Returned the Money
Despite the confusion, Yelwa proceeded to return the funds.
She reportedly transferred a small amount to confirm the balance was accessible,
then cooperated fully with the bank to reverse the entire sum.
Her action quickly earned her widespread praise across social media,
with many Nigerians describing her as a rare symbol of honesty.
Public Reaction and Questions
The incident has sparked renewed debate about:
- Transparency in Nigerian banking operations
- How banks handle large erroneous transfers
- Customer protection and communication
Many Nigerians questioned why a customer who did the right thing
would allegedly be advised to remain silent.
First Bank Yet to Issue Detailed Response
As of the time of filing this report, First Bank of Nigeria has not released a detailed public explanation
on how the N330 million error occurred or addressed the alleged warning to the customer.
The bank’s official code of conduct, published on its website
First Bank Nigeria,
emphasizes transparency, accountability, and ethical customer relations.
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Top Banking Controversies in Nigeria
EFCC Warns Nigerians on Suspicious Bank Transfers
Inside Nigeria’s Financial System and Banking Errors
As investigations continue, many Nigerians are calling for clearer regulations
and stronger customer protections to prevent similar incidents in the future.
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