Court Orders Final Forfeiture of $222,729.86 Recovered From Chinese Nationals
Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Monday, July 21, 2025, ordered the final forfeiture of digital assets to the tune of $222,729. 86 USDT recovered from Chinese nationals involved in cyber-terrorism and internet fraud. The assets form parts of the recoveries made from members of a syndicate of 792 alleged crypto currency investment and romance fraud suspects arrested on December 10, 2024 in Lagos during an operation tagged “Eagle Flush Operation” by operatives of the EFCC. The judge gave the order, following an ex parte motion filed on July 18, 2025 by the Economic and Financial Crimes Commission, EFCC, through its counsel, Zeenat Atiku.
Details later.
