Two-Year Jail Term for Billionaire Fraudster in Abuja: Legal Insights
Hyginus Nkwocha, a 35-year-old Nigerian businessman, has been sentenced to two years’ imprisonment by Justice Emeka Nwite of the Federal High Court in Maitama, Abuja, for his involvement in internet fraud and money laundering.
Nkwocha was arrested on August 21, 2024, at Ever Green Estate in Lugbe, Abuja, following intelligence reports about his suspected involvement in fraudulent activities.
During the court proceedings, the Economic and Financial Crimes Commission (EFCC) presented substantial evidence, including Nkwocha’s extrajudicial statements, electronic devices, and forensic investigation reports. The defense did not object to the evidence, leading the court to admit all exhibits.
Justice Nwite found Nkwocha guilty and sentenced him to two years’ imprisonment, with an option of a ₦2,000,000 fine. Additionally, the court ordered the forfeiture of several assets to the Federal Government of Nigeria, including a black Mercedes Benz ML 350, gold jewelry, $2,200 in cash, ₦90,280,934.00 in the Ginux Global Nigeria Ltd Zenith Bank account, properties in Lagos, Abuja, and Lekki, as well as various electronic devices recovered from the convict.