The Economic and Financial Crimes Commission (EFCC) has secured the forfeiture of over N90 million, $2,200, and several properties linked to convicted 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, following his arrest in August 2024.
Nkwocha, who was charged with fraudulently impersonating individuals to defraud an American citizen, Linda Wheeler, of $345,000, was arrested based on intelligence from the EFCC’s Advanced Fee Fraud Section. He used Gmail and Google Voice to carry out the fraudulent activities, receiving the funds through a Zenith Bank account belonging to Ginux Global Nigeria Ltd.
In court, Nkwocha pleaded guilty to the charges, and the EFCC presented evidence, including his confessions and electronic devices. Justice Emeka Nwite sentenced him to two years in prison, with an option for a N2,000,000 fine.
The court also ordered the forfeiture of several items seized during Nkwocha’s arrest, including a black Mercedes Benz ML 350, gold jewelry, cash, properties in Abuja and Lagos, and electronic devices. The properties and assets were declared proceeds of crime, and the court’s decision is subject to appeal.