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Forbes Star Nigerian Okeke In U-Turn - Appeals U.S. Jail Term

Young Nigerian billionaire Obinwanne Okeke was sentenced to 10 years in jail by a U.S. federal court for being the mastermind of a U.S.$11 million cyber fraud scam. In addition to the jail term, he was also ordered to repay U.S.$10,7 million as proceeds of his fraud to the U.S. government. Okeke, who was hailed as a promising entrepreneur and appeared on the Forbes magazine '30 Under 30' list in 2016,' had earlier pleaded guilty to the charge in June 2020, after he was arrested during a visit to the U.S. Okeke, who operated a chain of companies under parent firm Invictus Group - based in Nigeria, was found to have committed a series of wire frauds between 2015 to 2019 along with others. His companies used phishing emails to steal funds from victims. Okeke initially waived his right to appeal the sentence, but has now made a u-turn. The grounds for the appeal has not yet been disclosed.

Nigeria: Obinwanne Okeke Appeals Against 10-Year Jail Term in U.S.

Premium Times, 27 February 2021

Mr Okeke, who had waived his right of appeal in his plea agreement with the U.S. authorities, makes a dramatic u-turn. Read more »
Nigeria: Obinwanne Okeke Barred From Jobs That Grant Access to Money, Bank Accounts

Premium Times, 25 February 2021

The U.S. court also says the internationally renowned entrepreneur must not hold positions involving investments. Read more »
Nigeria: How U.S. Will Recover $10.7m Restitution From Obinwanne Okeke

Premium Times, 25 February 2021

Court documents show how the money will be recovered from Mr Okeke and distributed to three victims. Read more »
Nigeria: Obinwanne Okeke to Restitute $10.7million, Forfeits Golden Wedding Ring, Cars to U.S Govt

Premium Times, 24 February 2021

Mr Okeke conceded to signed restitution and forfeiture agreements as part of a plea bargain deal he had with U.S authorities. Read more »
Nigeria: Obinwanne Okeke to Undergo Treatment for 'Fraud Mentality, Drug Abuse'

Premium Times, 19 February 2021

The treatment is part of the rehabilitation exercise imposed on him by the U.S. court in addition to jail term and restitution. Read more »
Nigeria: Timeline - From Forbes to Jail: Journey of Obinwanne Okeke to Prison

Premium Times, 17 February 2021

The timeline highlights the milestones in the 18-month journey of 33-year-old, also known as Obi Invictus, from his arrest in August 2019 to his imprisonment on Tuesday. Read more »
Nigeria: Obinwanne Okeke Sentenced to Prison for $11 Million Global Fraud Scheme

Premium Times, 17 February 2021

Obinwanne Okeke was on Tuesday sentenced in the United States to 10 years in prison for his involvement in a computer-based intrusion fraud scheme that caused approximately $11… Read more »