Nigeria, July 4 -- The Federal High Court in Lagos has sentenced eight Chinese nationals to one year in prison each for cyberterrorism and internet fraud, in connection with a massive transnational cryptocurrency scam uncovered in December 2024.

The trial judge, Chukwujekwu Aneke, handed down the sentence on Friday after the convicts - Pan Cai Qi, Zeng Xian Tao, Weng Mao Rong, Wang Xiong Wei (a.k.a. Xiao Bai), Shi Dong Fu, Wang Shi Long, Liu Ke Fan, and Ting Liao - changed their pleas from "not guilty" to "guilty".

In a statement on Friday, EFCC's spokesperson Dele Oyewale, said they were among 792 suspects arrested during a sting operation tagged Eagle Flush, conducted by the Economic and Financial Crimes Commission (EFCC) on 19 Decemb...