The Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of $222,729.86 worth of digital assets (USDT) recovered from Chinese nationals arrested for alleged cyberterrorism and Internet fraud.

The assets form part of the recoveries made from members of a syndicate of 792 alleged cryptocurrency investment and romance fraud suspects arrested on December 10, 2024, in Lagos during an operation tagged “Eagle Flush Operation” by operatives of the Economic and Financial Crimes Commission (EFCC).

The order was sequel to an ex parte motion dated and filed on July 18, 2025, by the EFCC counsel, Zeenat Atiku. The EFCC counsel, while arguing the application for the final forfeiture, told the court that the application was supported by an affidavit that was deposed to by an investigating officer of the Commission, Muazu Abdulrahman.

She said that the deponent averred that the syndicate financed the operations through a Nigerian-registered company known as Genting International Co. Limited (GICL).

Abdulrahman, in the affidavit, stated that during investigation, the company (Genting International Co. Limited (GICL) in its bank account No 0225100403 received a staggering sum of over N2.268,839,161 from April 12, 2024, to December 23, 2024.

Atiku submitted that the assets are reasonably suspected to be instruments of computer-related fraud and money laundering and prayed the court to forfeit them to the Federal Government of Nigeria.

The judge, Justice Alexander Owoeye, in his ruling, said he had read the motion and attachments and found sufficient merit in the application. He consequently granted the motion, ordering the forfeiture of the $222,729.86 worth of digital assets.