According to reports by the cable, A federal high court in Lagos state has ordered the forfeiture of N280 million reportedly belonging to Obinwanne Okeke, a Nigerian entrepreneur who is better known as Invictus Obi.

Rilwan Aikawa, the judge, gave the order following an ex parte application filed by the Economic and Financial Crimes Commission (EFCC), on Monday.

He held that the sums of N240,250,904.46 and N40,304,106.19, which the EFCC said is being “warehoused” in the bank accounts of Invictus Oil and Gas Limited and Invictus Investment Limited, be temporarily forfeited to the federal government.

Rotimi Oyedepo, EFCC counsel, had said the funds were “reasonably suspected” to be proceeds of cyber-crime, and he asked the judge to order a forfeiture.

In an affidavit filed in support of the application, Ariyo Muritala, EFCC investigator, said the funds could be expended by Okeke and his cronies if the order is not granted.

“I know as a fact and verily believe that our investigation has revealed the following ear-aching and mind-boggling findings: (a) That the Obinwanne George Okeke is a strong leader of a cybercrime syndicate specialized in business email compromise. (b) That the said syndicate has defrauded many innocent and unsuspecting victims (g) That the said Obiwanne George Okeke has been arrested by the Federal Bureau of Investigation in the United States of America for cybercrime-related offences (h) That if these funds are not forfeited to the Federal Government of Nigeria Obiwanne George Okeke and his cronies will dissipate same,” he said.

Currently, Okeke is in a US prison, where he may be until February 2020, over an alleged $11 million fraud.

He was arrested by the Federal Bureau of Investigation (FBI) at Dulles International Airport while leaving the United States.

Facebook Comments

About author

Nigerians in South Africa
Nigerians in South Africa 11432 posts

We are about democracy, human rights, public opinion, political behavior, civil rights and policy aimed at improving the human condition, with a focus on African countries.

You might also like

Business 0 Comments

Rand falls to record overnight low against dollar

The rand fell to its lowest level ever against the dollar in overnight trade, as global markets reacted to the downgrade of SA’s last remaining investment grade credit rating to junk by Moody’s. “The rand has been the worst performing emerging market cur…

Zimbabwe declares disaster state even though it has no confirmed coronavirus cases

Zimbabwe’s president has declared a state of national disaster as the country anticipates the impact of the novel coronavirus (Covid-19) – even though there are no confirmed infections there.Anadulo Agency reported that the action came after a UK tourist tested positive following a trip to Victoria Falls.LIVE | SA coronavirus cases rise to 85, travel…

Business 0 Comments

What Happened To Annie?: The CIA And Prestwick

What Happened To Annie?: The CIA And Prestwick – Sky News


No Comments Yet!

You can be first to comment this post!

Leave a Reply