Nigeria, June 24 -- The Federal High Court in Lagos has sentenced 23 Chinese nationals to one year in prison each for cyberterrorism and internet fraud linked to a massive cryptocurrency Ponzi scheme uncovered in December 2024.

The convicts were prosecuted separately before three judges - D.E. Osiagor, D.I. Dipeolu, and A.O. Faji.

In a statement on Monday, EFCC spokesperson Dele Oyewale said the convicted persons were part of a 792-member cyber-fraud syndicate arrested on 19 December 2024 in Lagos during an operation code-named Eagle Flush.

Mr Oyewale listed those sentenced to include Yu Hui (a.k.a. A. Bin), Huang Jin Hui, Fei Fan, Lu Qiang, Hu Xi Zheng, Sun Zhi Peng, Wu Hao, Cong Bing, and Li Qiang (a.k.a. Yang Huan Huan).

Others are...