Friday, January 10 2025 - The Economic and Financial Crimes Commission, EFCC, has secured the conviction of one Chima Hyginus Nkwocha, a.k.a "Young Billionaire," for cheating by impersonation and money laundering.
he
commission in a statement on Wednesday night, January 8, 2025, said Nkwocha was
jailed on Tuesday, December 31, 2024.
Nkwocha
was arraigned before Justice Emeka Nwite of the Federal High Court, Maitama,
Abuja, on a two-count charge bordering on cheating by impersonation and money
laundering.
One of the
counts read: “That you, Chima Hyginus Nkwocha (AKA Frank Nils, Frank
Cobert, Frank Brown & Chettot), sometime in 2022 in Abuja within the
jurisdiction of this Honourable Court, did fraudulently impersonate Frank Nils,
Frank Cobert, Frank Brown, and Chiress Riffatt on Gmail and Google Voice using
the Gmail
addresses frankcorbett272@gmail.com and chriressrifatt@gmail.com with
intent to defraud, fraudulently obtaining a cumulative sum of Three Hundred and
Forty-Five Thousand Dollars ($345,000) from Linda Wheeler, an American, and
receiving the naira equivalent through Ginux Global Nigeria Limited with
account No. 1228782493 domiciled in Zenith Bank, thereby committing an offence
contrary to Section 22(2) of the Cyber Crimes (Prohibition, Prevention, Etc.)
Act, 2015 and punishable under Section 22(4) of the Act.”
The
defendant pleaded guilty to the charges when they were read to him.
Following
his guilty plea, prosecution counsel, Lanre Adeola Olariwaju, reviewed the case
against Nkwocha and prayed the court to convict him accordingly.
According
to Olariwaju, the convict was arrested in August 2024 at the Lugbe area of
Abuja following intelligence received by the EFCC's Advanced Fee Fraud Section.
Nkwocha's journey to the Correctional Centre began when he was arrested
for internet fraud, charged to court, and pleaded guilty to the two-count
charges raised against him.
The court ordered the forfeiture of these items, being proceeds of crime, to the Federal Government of Nigeria.
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