Nigeria, Feb. 4 -- The Federal High Court in Lagos has ordered the interim forfeiture of digital wallet assets valued at $222,729.86 traced to a suspected internet fraud syndicate, including 792 foreign nationals and Nigerians arrested in Lagos in December 2024.

The judge, Alexander Owoeye, issued the order on Monday following an ex parte application by the Economic and Financial Crimes Commission (EFCC).

According to an EFCC press statement shared via the agency's official X handle on Tuesday, the commission's lawyer, Zeenat Atiku, told the court that the syndicate financed its operations through a company, Genting International Co. Limited (GICL).

GIGCL has been named in multiple charges the commission has so far filed against some m...