A Federal High Court in 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 (EFCC) obtained the court order on July 21, 2025, following an ex parte motion filed on July 18, 2025.
The EFCC’s counsel, Zeenat Atiku, informed the court that the assets were recovered from members of a syndicate arrested during a raid in Lagos, codenamed the “Eagle Flush Operation”. The suspects were part of a group of 792 individuals arrested for alleged cryptocurrency investment scams and online romance fraud
According to the EFCC’s investigating officer, Muazu Abdulrahman, the syndicate carried out its operations through a Nigerian-registered company, Genting International Co. Limited, which received over N2.2 billion from cryptocurrency vendors. “Over the course of its activities, this company’s Union Bank account… received a staggering sum of over N2,268,839,161 from April 12, 2024, to December 23, 2024,” Abdulrahman stated.
The court granted the EFCC’s request, ordering the forfeiture of the assets to the Federal Government. “I have read the motion and attachments and found sufficient merit in the application. Consequently, the motion succeeds and is hereby granted,” Justice Alexander Owoeye ruled
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