Chima Hyginus Nkwocha, who went by the name “Young Billionaire,” has been sentenced to two years in prison for internet fraud and money laundering. The Nigerian Economic and Financial Crimes Commission (EFCC) confirmed the conviction on January 8, 2025, following a court ruling on December 31, 2024.

Nkwocha was charged with impersonating several people online, including names like Frank Nils, Frank Cobert, and Chiress Riffatt. He used fake Gmail accounts to trick an American woman, Linda Wheeler, into sending him over $345,000. The money was transferred through a Nigerian account at Zenith Bank.

In August 2024, the EFCC’s Advanced Fee Fraud Section arrested Nkwocha after receiving tips about his fraudulent activities. He was charged in court and pleaded guilty to the crimes. Following his guilty plea, the court sentenced him and ordered the forfeiture of his illegal earnings to the Nigerian government.

This case highlights the growing issue of online fraud and the Nigerian government’s ongoing efforts to combat cybercrime.