WATCH THE VIDEO HERE The Economic and Financial Crimes Commission (EFCC) has secured the forfeiture of $2,200 in cash, N90,280,934, and several properties located in Abuja and Lagos following the conviction of a cybercrime suspect, Chima Hyginus Nkwocha, also known as “Young Billionaire.” The Federal High Court in Abuja convicted Nkwocha on charges of impersonation and money laundering, according to an EFCC statement released on Wednesday. Nkwocha was arraigned before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, following his arrest in August 2024 at the Lugbe area of Abuja, based on intelligence received by the EFCC’s Advanced Fee Fraud Section. Count one of the EFCC’s charges read: “That you, Chima Hyginus Nkwocha (AKA Frank Nils, Frank Cobert, Frank Brown, and Chiress Riffatt), sometime in 2022 in Abuja, within the jurisdiction of this Honourable Court, did fraudulently impersonate Frank Nils, Frank Cobert, Frank Brown, and Chiress Riffatt on Gmail and Google Voice using the Gmail addresses, [email protected] and [email protected] with intent to defraud, fraudulently obtaining a cumulative sum of Three Hundred and Forty-Five Thousand Dollars ($345,000) from Linda Wheeler, an American, and receiving the naira equivalent through Ginux Global Nigeria Limited with account number 1228782493 domiciled in Zenith Bank, thereby committing an offence contrary to Section 22(2) of the Cyber Crimes (Prohibition, Prevention, Etc.) Act, 2015 and punishable under Section 22(4) of the Act.” The EFCC disclosed to the court that items recovered during Nkwocha’s arrest included: The conviction underscores Nigeria’s ongoing fight against financial crimes. However, the Federal High Court’s verdict remains subject to appeal by any aggrieved party.
EFCC secures N90 million, $2,200, and properties linked to convicted cybercrime suspect in Abuja
