The Economic and Financial Crimes Commission (EFCC) has arraigned two Chinese nationals, Huang Haoyu and An Hongxu, alongside a Nigerian, Audu Friday, before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos.
The defendants are facing an 11-count charge related to cyber-terrorism, computer-related offenses, and money laundering amounting to ₦3,407,824,740.78 and $2,562,203.
According to the EFCC, the accused were part of a syndicate of 792 individuals arrested in Lagos on December 19, 2024, during the agency’s “Eagle Flush Operation.”
They were allegedly involved in cryptocurrency investment scams and romance fraud.
Investigations revealed that Friday had incorporated Genting International Co. Ltd. under the directive of Huang Haoyu.
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One of the charges states that the defendants conspired to gain financial advantage by recruiting Nigerian youths to impersonate foreign nationals in fraudulent schemes.
The EFCC further alleged that they retained over ₦3.4 billion in a Union Bank account, funds suspected to be proceeds of unlawful activity.
All three pleaded not guilty to the charges.
Following their pleas, EFCC prosecutor Bilkisu Buhari requested a short trial date and for the defendants to be remanded in EFCC custody.
Defense counsel Emeka Okonkwo, SAN, also requested that they remain in EFCC custody pending their bail hearing.
Justice Osiagor granted the request, ordering their remand in EFCC custody and adjourning the case for a bail hearing.
