Obinwanne Okeke “Invictus Obi” Pleads Guilty To ₦4.2 Billion Fraud

Must Read

Entries Open for the 6th Edition of Maltina Teacher of the Year

Nigerian Breweries Plc., Nigeria’s foremost brewing company has announced the opening of entries for the 6th edition...

COVID-19: CAF Postpones 2021 Africa Cup Of Nations

The Confederation of African Football Executive Committee on Tuesday announced the postponement of the 2021 African Nations...

FG 774,000 Jobs: Folashade Tinubu-Ojo, MC Oluomo Get Committee Appointments

The Chairman of the Lagos State branch of the National Union of Road Transport Workers (NURTW), Alhaji...

Obinwanne Okeke, the Nigerian businessman owner of Invictus Group who was arrested in the United States last year, has pleaded guilty to $11 million (N4.2 billion) fraud.

Mr Okeke, 32, admitted to American prosecutors that he was involved in computer-based fraud between 2015 and 2019.

Joshua Stueve, a spokesperson for the United States District Court for Eastern District of Virginia, told PREMIUM TIMES on Thursday evening that Mr Okeke could spend 20 years maximum penalty in an American jail.

He would be sentenced on October 22, Mr Stueve said.

“A federal district court judge will determine any sentence after taking into account the U.S. sentencing guidelines and other statutory factors,” the court official said.

Robert Krask, an American judge of the district, certified the guilty plea on Thursday morning to clear the paths for Mr Okeke’s sentencing.

Mr Okeke and other alleged conspirators said to still be at large were accused of targeting American businesses in a probe led by the Federal Bureau of Investigation.

Unatrac, a subsidiary of heavy equipment giant Caterpillar, was amongst the companies said to have been targeted by the cartel in a business email compromise scheme for several years. Over $11 million was said to have been traced to the ring, amidst claims that Mr Okeke allegedly used proceeds of his illicit dealings to build a business empire in Abuja and other parts of Nigeria.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Entries Open for the 6th Edition of Maltina Teacher of the Year

Nigerian Breweries Plc., Nigeria’s foremost brewing company has announced the opening of entries for the 6th edition...

COVID-19: CAF Postpones 2021 Africa Cup Of Nations

The Confederation of African Football Executive Committee on Tuesday announced the postponement of the 2021 African Nations Championship by one year.

FG 774,000 Jobs: Folashade Tinubu-Ojo, MC Oluomo Get Committee Appointments

The Chairman of the Lagos State branch of the National Union of Road Transport Workers (NURTW), Alhaji Musliu Akinsanya ( MC Oluomo)...

Despite Paying N7.5m ransome, kidnappers killed Victims

Operatives of the Intelligence Response Team have arrested members of a kidnap syndicate, who allegedly killed three of their victims after collecting N7.5m ransom...

Lagos arrests 179 interstate violators, impounds 43 vehicles

The Lagos State Police Command has announced the arrest of 179 persons at various checkpoints and motor parks for violating the interstate...
- Advertisement -

More Articles Like This

- Advertisement -