February 18, 2025
11 11 11 AM
APC LEADERS CALL FOR RECONCILIATION TO TAKE OVER FCT     
FOOD SECURITY: KANO SINGER MARKET TRADERS LAUD FG’s INTERVENTION       
NELFUND GIVES DEADLINE FOR CLOSURE OF 2023/2024 LOAN APPLICATIONS AS IT PREPARED FOR NEXT CYCLE   
FG PUSHES FOR FAIR VISA POLICIES TO BOOST NIGERIA’S GLOBAL TRADE PRESENCE     
DSS INVADES LAGOS STATE ASSEMBLY, LAWMAKERS RESIST, PLEDGE LOYALTY TO MERANDA                                                                             
OSUN STATE NATIONAL ASSEMBLY CAUCUS WANTS PRESIDENT TINUBU TO RESTORE ORDER IN THE STATE
NAFDAC INTENSIFIES CRACKDOWN ON FAKE DRUG SYNDICATES IN ABA, ONITSHA AND LAGOS
AU ENDORSES NIGERIA AS THE DIGITAL TRADE CHAMPION FOR THE CONTINENT UNDER AFCFTA DIGITAL TRADE PROTOCOL 
WATER RESTORED IN DANBATTA, MAKODA, MINJIBIR AFTER TEN YEARS OF ACUTE SHORTAGE
90% OF MOCK EXAMINATION TOWNS EXHAUSTED -JAMB   

COURT ORDERS INTERIM FORFEITURE OF SYNDICATE’S $222,729.86 DIGITAL WALLET ASSETS

Share

COURT ORDERS INTERIM FORFEITURE OF SYNDICATE’S $222,729.86 DIGITAL WALLET ASSETS
04-02-25

By Sadiq Aminu                                                                  Justice Owoeye of the Federal High Court sitting in Ikoyi, Lagos has ordered the interim forfeiture of digital wallet assets valued at $222,729.86 to the Federal Government of Nigeria.

The digital wallet assets were recovered from an alleged syndicate of 792 cryptocurrency investment and romance fraudsters who were arrested last year December by operatives of the the Economic and Financial Crimes Commission, EFCC, at Victoria Island, Lagos.

The Judge gave the order, following an ex parte application filed and moved by the EFCC through its lawyer, Mrs Zeenat Atiku.

Mrs Atiku argued that the EFCC had received intelligence about a large-scale fraud involving foreign nationals operating in Lagos.

She said, the syndicate financed its operations through a company, Genting International Co. Limited (GICL).

After listening to the EFCC counsel, Justice Owoeye ordered the interim forfeiture of the digital asset wallets.

The Judge also directed the EFCC to publish the order in a national newspaper to allow anyone with an interest in the digital wallet assets to appear before the court within 14 days to show cause why it should not be permanently forfeited to the Federal Government.

The court adjourned the matter till March 7, 2025 for a “compliance report.

 

0 0 votes
Article Rating

Leave a Reply

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Home
Our Channel
About Us
Contact Us
0
Would love your thoughts, please comment.x
()
x