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Obinwanne Okeke aka Invictus Obi Will Be Sentenced Today for Fraud in the US

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Obinwanne Okeke also known as Invictus Obi will be sentenced in the United States today Tuesday fro fraud charges. He risks a maximum sentence of 20 years in jail.

The 33-year-old Chairman and Chief Executive Officer of Abuja-based Invictus Group who was listed in the “Forbes 30 under 30 influential young entrepreneurs” was arrested by the Federal Bureau of Investigations (FBI) and arrested on charges to defraud American companies and individuals over a period of at least four years.

He had investments in oil and gas, agriculture, private equity, alternative energy, telecom and real estate which had presence in three countries including Nigeria, South Africa and Zambia.

One of his victims, Unatrac, a subsidiary of American heavy equipment manufacturer Caterpillar, lost $11 million in spurious wire transfers, court documents showed.

The alleged fraudster was arrested in the airport while returning to Nigeria after a brief visit to the U.S. in 2019. Invictus initially denied his involvement in the crime before a federal judge in the U.S., however he pleaded guilty to the allegation of conspiracy to commit wire fraud and agreed to cooperate with American authorities.

Last December, a Federal High Court in Lagos ordered the permanent forfeiture of N235,451,969 found in his bank account.

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