Connect with us

News

Invictus Obi permanently loses N280m to Nigerian govt

Published

on

Invictus Obi permanently loses N280m to Nigerian govt

Obinwanne Okeke, known popularly as Invictus Obi has permanently lost the sum of N280,555,010 to the Federal Government.

This followed the order of the Federal High Court sitting in Lagos. The court presided over by Justice Justice Rilwan Aikawa ordered the money, belonging to the alleged leader of a cyber-crime syndicate, to be finally forfeited to the Federal Government.

The Economic and Financial Crimes Commission (EFCC) had told the court that the funds were lodged in the Nigerian bank accounts of Invictus Oil and Gas Limited and Invictus Investment Limited, respectively.

The anti-graft agency’s counsel, Rotimi Oyedepo, had asked the judge to order that the money be forfeited to the Federal Government.

The EFCC had further described Okeke as a “strong leader of a cyber-crime syndicate that specialises in business e-mail compromise”.

READ ALSO: Do you have a mobile app for finanacial transactions? Then you’re among 150m Nigerians open to e-fraud

Forbes had in 2016 celebrated Okeke, 31, as one of Africa’s “most outstanding 30 entrepreneurs under the age of 30.”

However, in August 2018, the Federal Bureau of Investigation (FBI) arrested Okeke for allegedly defrauding some American citizens of $11 million. He had been standing trial in the United States since then.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now