Justice Alexander Owoeye of the Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of digital assets valued at $222,729.86 USDT, recovered from Chinese nationals connected to cyber-terrorism and internet fraud.
The Economic and Financial Crimes Commission (EFCC) revealed this in a statement on Monday, following the court order issued on July 21, 2025.
The forfeited digital assets were traced to members of a syndicate apprehended during a coordinated raid in Lagos on December 10, 2024, tagged the “Eagle Flush Operation.”
According to the EFCC, the suspects — including the Chinese nationals — were among 792 individuals arrested for their alleged involvement in cryptocurrency investment scams and online romance fraud.
The commission added, “Justice Owoeye granted the final forfeiture order following an ex parte motion filed on July 18, 2025, by the EFCC through its counsel, Zeenat Atiku.”
Further details surrounding the forfeiture and the ongoing investigation are expected to emerge in due course.