More
    HomemetroInternet fraud: Chinese nationals lose $222000 to FG

    Internet fraud: Chinese nationals lose $222000 to FG

    Published on

    Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of digital assets worth $222,729.86 USDT recovered from Chinese nationals linked to cyber-terrorism and internet fraud.

    The Economic and Financial Crimes Commission disclosed this in a statement on Monday, following the court order delivered on July 21, 2025.

    The forfeited assets were recovered from members of a syndicate arrested during a December 10, 2024 raid in Lagos, codenamed the “Eagle Flush Operation.”

    According to the EFCC, the suspects, including the Chinese nationals, were part of a group of 792 individuals arrested for alleged cryptocurrency investment scams and online romance fraud.

    The commission stated, “Justice Owoeye gave the order, following an ex parte motion filed on July 18, 2025 by the EFCC, through its counsel, Zeenat Atiku.”

    Latest articles

    Why EU will not help Trump fight Iran – Rufai Oseni

    Arise Television’s Morning Show anchor, Rufai Oseni, has said European Union countries are unlikely...

    Nwabali not concerned over free agent status

    Stanley Nwabali has said he is unperturbed about being clubless at the moment. Nwabali is...

    Nigerian artists generate N60bn on Spotify in 2025

    Nigerian artists generated over N60 billion from Spotify in 2025, the streaming platform revealed...

    Benue community raises alarm over renewed attacks

    Residents of Rijo community, especially Unweje village in Ogege Ward of Utonkon, Ado Local...

    More like this

    Why EU will not help Trump fight Iran – Rufai Oseni

    Arise Television’s Morning Show anchor, Rufai Oseni, has said European Union countries are unlikely...

    Nwabali not concerned over free agent status

    Stanley Nwabali has said he is unperturbed about being clubless at the moment. Nwabali is...

    Nigerian artists generate N60bn on Spotify in 2025

    Nigerian artists generated over N60 billion from Spotify in 2025, the streaming platform revealed...