The Federal High Court has ordered the final forfeiture to the Federal Government, the sum of N280,555,010 linked to Obinwanne Okeke, better known as Invictus Obi.
This order was made by the presiding judge, Justice Rilwan Aikawa on Thursday in Lagos, following the submissions of the EFCC Counsel, Rotimi Oyedepo.
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The Economic and Financial Crimes Commission (EFCC) had told the court that the funds were warehoused in the Nigerian bank accounts of Invictus Oil and Gas Limited and Invictus Investment Limited, respectively.
The anti-graft agency had also said the two firms were owned by Invictus Obi whom it described as, “a strong leader of a cyber-crime syndicate that specialises in business e-mail compromise”.
Recall that in 2016, 31-year-old Obi was celebrated by Forbes as one of Africa’s “most outstanding 30 entrepreneurs under the age of 30.”
He was, however, arrested by the Federal Bureau of Investigation (FBI) August 2018 on the count of cyber fraud.
Obi is standing trial in the United States for allegedly defrauding some American citizens in 2018 to the tune of $11m.
He was alleged to have committed the offence “through fraudulent wire transfer instructions in a massive, coordinated, business e-mail compromise scheme.”