Nigerian entrepreneur Obinwanne Okeke jailed for 10 years in $11m cyber fraud
19/02/2021
The celebrated Nigerian entrepreneur Obinwanne Okeke has been handed a ten-year prison sentence by a U.S. federal court for masterminding an $11 million cyber fraud on a British company.
Okeke was held in the US since August 2019 on charges of computer and wire fraud and had previously pleaded guilty.
- "In April 2018, a Unatrac executive fell prey to a phishing email that allowed conspirators to capture login credentials," according to the court statement.
- "The conspirators sent fraudulent wire transfer requests and attached fake invoices.
- Okeke participated in the effort to victimize Unatrac through fraudulent wire transfers totalling nearly $11 million, which was transferred overseas," the statement added.
He formally pleaded guilty to charges relating to $11 million computer-based fraud transacted between 2015 and 2019.
Okeke has invested in real estate development, energy, and construction.
His company, Invictus Group, operates in three African countries, which include Nigeria, South Africa, and Zambia, according to the local news portal Legit.
In May 2017, The African Brand Congress awarded the Invictus Group of Companies Ltd Africa’s Most Innovative Investment Company of the Year 2017 Award.
He was nominated for Africa’s most prestigious award for businessmen, The AABLA Awards, in the category of Young African Business Leader (West Africa).
Okeke is a regular contributor to the Forbes Africa Magazine where he shares his thoughts on entrepreneurship and investment in Africa; The Guardian further reported
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.