Court jails two Chinese for cyberterrorism, internet fraud in Lagos - Worldstage

EFCC Crypto Convictions: Nigeria’s Landmark Crackdown on Foreign Fraud Syndicates

In Brief EFCC crypto convictions mark a significant anti-fraud milestone, beginning with the sentencing of two Chinese nationals linked to a foreign crime syndicate. Over 800 arrests and 146 prosecutions highlight Nigeria’s urgent crackdown on digital asset crime amid rising crypto adoption. These convictions align with AML/CFT frameworks, Nigeria’s new digital asset laws, and FATF pressure for regulatory reform. Nigeria’s crypto ecosystem ha…

Court Jails Two Chinese for Cyberterrorism, Internet Fraud in Lagos - Security News Alert

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC,  on Monday, July 14, 2025, secured the conviction and sentence of two Chinese nationals for cyber-terrorism and internet fraud before Justice Dehinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos. The suspects are: Huang Xiao Liang (a.k.a Liu Xiao Liang) […] The post Court Jails Two Chinese for Cyberterrorism, Internet Fraud in Lagos first appeared o…

CRYPTO CRIME | EFCC Nigeria Secures Conviction of Two Chinese Nationals for Crypto-Enabled Crime

The Economic and Financial Crimes Commission (EFCC) of Nigeria has secured the conviction and sentencing of two Chinese nationals for cyberterrorism and internet fraud in what marks a significant milestone in Nigeria’s ongoing crackdown on crypto-enabled financial crimes. _______________________ TL;DR: 2 Chinese nationals convicted for crypto-linked cyberterrorism and internet fraud. Part of a 792-member syndicate busted during the Eagle Flush …

Court jails two Chinese for cyberterrorism, internet fraud in Lagos - Worldstage

WorldStage Newsonline– The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC),  on Monday, July 14, 2025, secured the conviction and sentence of two Chinese for cyber-terrorism and internet fraud before Justice Dehinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos. The suspects are: Huang Xiao Liang (a.k.a Liu Xiao Liang) and Shi Yang Xiong. They are among the syndicate of 792 alleged cryptocurrency inve…