Skip to content
September 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Metro News
  • metro
  • Cyber-Fraud: EFCC Secures Final Forfeiture of 431 Phones from Chinese Convicts
  • metro

Cyber-Fraud: EFCC Secures Final Forfeiture of 431 Phones from Chinese Convicts

Admin September 30, 2026
Scammers

EFCC office

Scammers

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Tuesday, September 29, 2026, secured the final forfeiture of 431 mobile phones to the Federal Government.

The mobile phones were linked to Chinese cyber-fraud operators who had previously been convicted by the court.

Justice Dehinde Dipeolu of the Federal High Court sitting in Lagos issued the forfeiture order following a motion on notice filed by the EFCC through its counsel, Hannatu Kofarnaisa.

The court had earlier granted an interim forfeiture order on July 8, 2026, directing the EFCC to publish the order in a national newspaper to give interested persons or entities an opportunity to show cause why the phones should not be permanently forfeited.

While moving the application for final forfeiture, Kofarnaisa informed the court that the EFCC had complied with the directive by publishing the notice in The Guardian newspaper on August 11, 2026.

She added that no individual or entity came forward to contest the forfeiture within the period stipulated by the court.

The application was supported by an affidavit deposed to by an EFCC operative, Christopher Augustine, who detailed the findings of the Commission’s investigation.

According to the affidavit, the 431 mobile phones were linked to a cyber-fraud operation allegedly involving Chinese and Nigerian youths at a facility known as “HK” in Victoria Island, Lagos which was used to train and deploy Nigerian youths and foreign nationals to carry out romance, investment and cryptocurrency fraud.

While noting that victims in the United States, Canada, Mexico and parts of Europe were major targets, he revealed that a sting operation conducted on December 10, 2024, led to the arrest of more than 700 individuals, including about 500 Nigerians, 148 Chinese , 40 Filipinos and other foreign nationals.

The affidavit also stated that Genting International Company Limited (GICL), allegedly controlled by Huang Haoyu, also known as Ken, a Chinese and other foreign nationals, were involved in the operation.

According to the EFCC, Huang and GICL were subsequently charged with seven counts bordering on cyber terrorism, possession of fraudulent documents, failure to declare activities to the Special Control Unit Against Money Laundering (SCUML), illegal foreign exchange transactions and money laundering.

The Commission stated that Huang and GICL pleaded guilty to the charges and were subsequently convicted and sentenced by the court.

He stated that the 431 devices were reasonably suspected to be proceeds of unlawful activities and were therefore subject to forfeiture pursuant to Section 17 of the Advance Fee Fraud and Other Related Offences Act, 2006.

After hearing the submissions of the EFCC and reviewing the affidavit evidence before the court, Justice Dipeolu held that the application had merit.

The judge consequently ordered the final forfeiture of the 431 mobile phones to the Federal Government of Nigeria.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Dehinde Dipeolu EFCC Hannatu KofarNaisa SCMUL

Post navigation

Previous Military neutralises 554 terrorists, criminals, arrests 1,333 in Q3 – DHQ

Related Stories

Lagos Plan Sinking Fund to Restore State-Owned Housing Estates, Warns Errant Facility Managers
  • metro

Lagos Plan Sinking Fund to Restore State-Owned Housing Estates, Warns Errant Facility Managers

September 28, 2026
Lagos Police Order Disciplinary Action Against Inspector Over Viral Ethnic, Political Remarks Police
  • metro

Lagos Police Order Disciplinary Action Against Inspector Over Viral Ethnic, Political Remarks

September 25, 2026
Ohanaeze ​‌‌‌⁠‍‍⁠⁠‌⁠‌⁠​​‍‍​‌​to unveil Igbo strategic charter at Igbo Day
  • metro

Ohanaeze ​‌‌‌⁠‍‍⁠⁠‌⁠‌⁠​​‍‍​‌​to unveil Igbo strategic charter at Igbo Day

September 23, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Cyber-Fraud: EFCC Secures Final Forfeiture of 431 Phones from Chinese Convicts Scammers
  • metro

Cyber-Fraud: EFCC Secures Final Forfeiture of 431 Phones from Chinese Convicts

September 30, 2026
Military neutralises 554 terrorists, criminals, arrests 1,333 in Q3 – DHQ onyeuko
  • National News

Military neutralises 554 terrorists, criminals, arrests 1,333 in Q3 – DHQ

September 30, 2026
Alleged fake agency: Court remands Adeniyi Adeyemi in Kuje Correctional Centre
  • National News

Alleged fake agency: Court remands Adeniyi Adeyemi in Kuje Correctional Centre

September 30, 2026
NNPC Limited Hits Five-Year Production High, Targets 3 Million Barrels Per Day by 2030
  • National News

NNPC Limited Hits Five-Year Production High, Targets 3 Million Barrels Per Day by 2030

September 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.