Man Sentenced to Two Years for Defrauding American of $345,000

The Federal High Court in Abuja has sentenced Chima Nkwocha, also known as “Young Billionaire,” to two years imprisonment for defrauding an American citizen of $345,000. In a statement released by the Economic and Financial Crimes Commission (EFCC) on Wednesday, Nkwocha was arrested in August 2024 and later arraigned before Justice Emeka Nwite. He pleaded guilty to charges of impersonation and fraud. The EFCC revealed that Nkwocha, under various aliases, including Frank Nils and Frank Brown, impersonated individuals via Gmail and Google Voice to deceive Linda Wheeler, a U.S. citizen, and obtain $345,000. The funds were funneled through Ginux Global Nigeria Limited, a Zenith Bank account under his control. During the trial, the prosecuting counsel, Lanre Olanrewaju, presented evidence of Nkwocha’s fraudulent activities, including a black Mercedes Benz, gold jewelry, $2,200 in cash, and over ₦90 million in the Ginux Global Nigeria Ltd account. Properties in Lagos, Abuja, and Lekki, along with two Zenith Bank drafts worth ₦8 million and several electronic devices, were also linked to the crime. Justice Nwite sentenced Nkwocha to two years imprisonment but allowed an option of a ₦2 million fine. Additionally, all assets connected to the crime, including the Mercedes Benz, cash, gold jewelry, and properties, were ordered forfeited to the Federal Government. The court’s decision highlights the consequences of cybercrime and reaffirms efforts to combat financial fraud.