The Lagos Zonal Directorate of the Financial and Monetary Crimes Fee, EFCC, has arraigned 4 Chinese language nationals on the Federal Excessive Court docket in Lagos over alleged cryptocurrency funding and romance fraud.

They had been arraigned earlier than Justices M. Kakaki and Ayokunle Faji.

EFCC acknowledged that the people are a part of a 792-member syndicate of alleged cryptocurrency funding and romance fraud suspects arrested in Lagos by its officers final 12 months.

In keeping with the assertion, three of the defendants, Xia Guang Can, Li Xu Xin, and Zhang Xue Hui, had been arraigned on separate one-count prices earlier than Justice Kakaki whereas Lu Yubo was arraigned on a two-count cost earlier than Justice Faji.

The fees border on web fraud, cyber-terrorism, possession of paperwork containing false pretenses, advance charge fraud, and id theft.

The suspects pleaded “not responsible” to the fees learn to them.


Following their pleas, prosecution counsel, Fanen Anum and Ahmed Yerima, requested the courts for a trial date and requested that the defendants be remanded at a correctional centre.

Nonetheless, counsel for the defendants requested a brief adjournment to file their bail functions.

Justice Kakaki adjourned the trial till 18 March 2025 and ordered the three defendants remanded in a correctional centre. In the meantime, Justice Faji adjourned the trial of Lu Yubo till 31 March and three April 2025 and ordered that he be remanded on the Ikoyi Correctional Centre.

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