Categories: Local

Alleged Cyber Fraud: Court Orders Forfeiture Of N280m Traced To Invictus Obi

The Federal High Court Sitting in Lagos has ordered the temporary forfeiture to the Federal Government, the sum of N280,555,010 (Two Hundred and Eighty  Million, Five Hundred and Fifty-Five Thousand, Ten Naira) traced to Obinwanne George Okeke popularly known as Invictus Obi.

In an ex-parte application put before Justice Rilwan Aikawa of the Federal High Court, Lagos on Monday, the EFCC says it traced the sum of N280.5million belonging to Obi and held in the bank accounts of Invictus Oil and Gas Limited and Invictus Investment Limited.

READ ALSO: EFCC Arraigns General Boroh, Moriki For N975m Amnesty Fraud

The ex-parte application urged the court to order the forfeiture of the sums on the ground that it was necessary to prevent the companies from tampering or dissipating the money which is reasonably suspected to be proceeds of unlawful activities.

In documents put before the court, the EFCC also says that if the accounts are not frozen, monies suspected to be proceeds of unlawful activities currently warehoused therein would be dissipated by the fraudulent entities who are not in custody and efforts of the ongoing investigation would be brought to naught.

Justice Aikawa therefore ordered the interim forfeiture of the funds and asked the Commission to publish in any National Newspaper, the interim order for the named parties or anyone who is interested in the monies sought to be forfeited to appear before the court to show cause within 14 days why the final order of forfeiture should not be made in favour of the Federal Government of Nigeria.

The court fixed October 30 for further proceedings.

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 later arrested in 2018 by the Federal Bureau of Investigation (FBI) and he is currently standing trial in the USA for allegedly defrauding some US citizens to the tune of $11million “through fraudulent wire transfer instructions in a massive, coordinated, business e-mail compromise scheme.”

Ronke Sanya Idowu

Disqus Comments Loading...
Share
Published by
Ronke Sanya Idowu

Recent Posts

Tinubu Appoints Abdullahi Bello As CCB Chairman 

By the presidential pronouncement, Abdullahi Bello replaces Aliyu Kankia, who has been the acting Chairman…

6 mins ago

NAFDAC Cracks Down On Fake Bottled Water Syndicate In Rivers

The illicit scheme involved affixing pre-printed Eva labels onto the bottles and sealing them with…

2 hours ago

New Senegal President’s Home Village Full Of Pride, Hope And Advice

The uncle of the new president and his namesake Diomaye Faye said that running as…

3 hours ago

‘Caution Wike’, Sekibo, Secondus, Omehia, Others Pledge Support For Tinubu

They expressed their displeasure at the direction of events unfolding politically in the state and…

3 hours ago

Sean Combs, The Rap Mogul Facing A Web Of Sex Crime Allegations

He has no major convictions but has long been trailed by allegations of physical assault,…

3 hours ago

Russian Military Jet Crashes Into Sea Off Crimea

"A military plane has fallen into the sea," Governor Mikhail Razvozhayev said in a post…

3 hours ago