Nigeria, July 21 -- The Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of $222,729.86 worth of digital assets (USDT) recovered from a group of Chinese nationals arrested for alleged cyberterrorism and internet fraud.

The judge, Alexander Owoeye, who delivered the ruling on Monday, said the assets were part of the proceeds traced to a syndicate of 792 suspected cryptocurrency investment and romance scammers.

The final forfeiture order followed an ex parte application filed by the EFCC on 18 July, through their lawyer, Zeenat Atiku.

Dubbed the largest cybercrime syndicate, Economic and Financial Crimes Commission (EFCC), on 10 December 2024, arrested a group of 792 suspects including Nigerians, Chinese, Arab and Fil...