A Federal High Court in Lagos has sentenced two Chinese businessmen, Huang Haoyu (alias Ken) and An Hongxu, to 46 years in prison each.
The pair, who were directors of Genting International Co. Limited, were found guilty of running a massive multi-billion naira cybercrime and money laundering operation.
The Crimes Committed: The court heard how the duo set up a "fraud factory" in Lagos. Their scheme involved:
Digital Scams: Hiring Nigerian youths to pretend they were foreigners to trick people out of money online.
Money Laundering: Hiding millions of dollars in cryptocurrency (USDT) and keeping over ₦3.4 billion in a local bank account, which police say came from fraud.
Economic Sabotage: Using computer systems to destabilize Nigeria’s social and economic structures.
The Punishment: Justice Daniel Osiagor didn't just hand down jail time. The sentence includes:
Prison or Fine: 46 years behind bars or a ₦56 million fine.
Deportation: They must be sent back to China after serving their time.
Community Service: Three days of manual labor before they are extradited.
