Skip to main content
See every side of every news story
Published loading...Updated

Nigeria: Court Jails Two Chinese for 46 Years Over Multi-Billion Naira Crypto, Cybercrime Fraud

Huang Haoyu and An Hongxu received 46-year sentences for cyber-terrorism and fraud involving over ₦3.4 billion and $2.56 million, EFCC said.

  • On Wednesday, Justice Daniel Osiagor at the Federal High Court, Ikoyi, Lagos convicted and sentenced Huang Haoyu and An Hongxu to 46 years each for cyber-terrorism and internet fraud.
  • The Economic and Financial Crimes Commission arrested suspects during Eagle Flush Operation in Lagos on December 19, 2024, targeting cryptocurrency, investment, romance fraud, and recruiting Nigerian youths.
  • At the resumed hearing, Bridget Omateno said Huang Haoyu and An Hongxu changed their pleas to guilty on a seven-count charge involving N3,407,824,740.78 and $2,562,203.
  • The judge ordered forfeiture of assets recovered from Victoria Island and Ikoyi to the Federal Government and directed three days of community service plus repatriation after sentencing.
  • Proceedings continue concerning Friday Audu, who maintains his innocence, with recovered inventory including 25 million SIM cards from four properties.
Insights by Ground AI

16 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 60% of the sources lean Left
60% Left

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

TheNigerialawyer broke the news in on Wednesday, February 11, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal