Invictus Obi pleads guilty to N4.2B Fraud, could get 20-year jail term

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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.

According to the spokesperson for the United States District Court for Eastern District of Virginia, Joshua Stueve, he said Mr. Okeke would be sentenced on October 22 and could be getting a 20 year jail term in an American Jail.

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.

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.

2 Comments

  1. God of mercy! Charity begins at home, when those that called themselves leaders have sunk into different atrocities what do you expect from the youth. May Almighty God heal my country and deliver us from evil doing.

  2. Chaiii
    He has finally pleaded guilty
    Let’s see if that reduces the penalty sentence for such a crime
    Money from Fraud will always turn to sound in your mouth

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