Lifestyle & Fashion
Obinwanne “Invictus Obi” pleads guilty to N4.2B fraud; to be sentenced in October
Obinwanne Okeke, the owner of Invictus Group, who was arrested in the United States last year for computer-based fraud, has pleaded guilty to $11 million (N4.2 billion) fraud.
The 32-year-old Nigerian businessman 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.
The publication adds that 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.
- Politics7 hours ago
Breaking: Prominent Nigerian Politician Is Dead(Photo)
- News10 hours ago
Former ECOWAS Court VP berates EFCC chairman over press briefing on Yahaya Bello
- Top Stories10 hours ago
Breaking: Parents ‘suspect foul play’ as boy, 4, dies in BrickHall School Abuja
- Politics14 hours ago
Sanwo-Olu Launches Eko Cares Intervention For 500,000 Lagosians
- Politics10 hours ago
Breaking: 118 Inmates Escape As Rainstorm Wreaks Havoc At Suleja Prison
- News14 hours ago
Top Nigerian Newspaper Headlines For Today, Thursday, 25th April, 2024
- News14 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 25th April 2024
- Entertainment13 hours ago
Transfer: Iheanacho tipped reportedly leaving Leicester City this summer