Alleged Fraud: Invictus Obi Permanently Loses N280m To FG

Obinwanne Okeke, also known as Invictus Obi, has permanently forfeited the sum of N280 million to the Federal Government. The money, found in the bank accounts of his companies, Invictus Oil and Gas Limited and Invictus Investment Limited, is said to be proceeds of crime.

The forfeiture was ordered by the Federal High Court in Lagos on Thursday. Justice Rilwan Aikawa had, on October 9, ordered the temporary forfeiture of the money.

He had ordered the EFCC to publish the interim forfeiture order in a national daily and adjourned till Thursday (today) for anyone interested in the money to appear before him to give reasons why the money should not be permanently forfeited to the Federal Government.

Invictus Obi is currently standing trial in the United States of America over an alleged $11 million cyber fraud.

The 31-year-old Nigerian was, in 2016, celebrated by Forbes as one of Africa’s “most outstanding 30 entrepreneurs under the age of 30.” He was described by the magazine as “proof that there is hope for Africa.”

He was arrested last August by the Federal Bureau of Investigation after he was fingered to be the leader of a cyber fraud syndicate.

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