Court Jails Two Chinese 46 Years Each for N3.4bn, $2.5m Cyberterrorism, Internet Fraud

The Federal High Court in Lagos has sentenced two Chinese nationals to forty-six years in prison over a multi-billion-naira cybercrime and money laundering scheme. The convicts are HUANG HAOYU, also known as KEN, and AN HONGXU, who are both directors of Genting International Company Limited. In his judgment, Justice DANIEL OSIAGOR also gave the convicts an option of fine of Fifty-Six Million Naira, as well as three days of community service. They are also to be repatriated to China after serving their sentences and completing the community service. The two convicts are among seven hundred and ninety-two suspected Internet and cryptocurrency fraud suspects who were arrested during a raid in Lagos in December 2024 by operatives of the Economic and Financial Crimes Commission. Items forfeited to the Federal Government in the cause of the trial include 1,596 mobile phones, 2,120 office chairs, 544 office tables, 194 routers, 43 computer systems, a network server, 126 air-conditioning units, generators, vehicles, hundreds of mattresses and bunk beds, thousands of SIM cards across different networks, and other electronic and household items. The items were recovered from multiple locations, including Oyin Jolayemi Street and Bishop Oluwole Street in Victoria Island, A.J. Marinho Drive, and Modupe Alakija Crescent in Ikoyi.