By Deborah Nnamdi
Justice Alexander Owoeye of the Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of digital assets worth $222,729.86 (USDT) to the Federal Government. The funds were recovered from Chinese nationals involved in internet fraud and cyber-terrorism.
The Economic and Financial Crimes Commission (EFCC) announced the development in a statement on Monday, following the court’s ruling delivered on July 21, 2025.
According to the EFCC, the assets were seized during a raid carried out on December 10, 2024, in Lagos. The operation, codenamed “Eagle Flush,” targeted a syndicate engaged in various online scams.
The commission revealed that the suspects, including the Chinese nationals, were part of a network of 792 individuals arrested for alleged cryptocurrency investment fraud and online romance scams.
“Justice Owoeye issued the forfeiture order in response to an ex parte motion filed by the EFCC on July 18, 2025, through its counsel, Zeenat Atiku,” the statement read.
