Grand Jury indicts Obinwanne Okeke over alleged $11 million fraud

Obinwanne Okeke, the Abuja-based Nigerian businessman who was arrested on August 6 in the U.S  proscribed with two counts of computer and wire fraud has been indicted for $11 million fraud.

According to Premium Times, the reason for his indictment is as a result of the investigation of the U.S. Department of Justice, conducted by the Federal Bureau of Investigation (F.B.I)  which is now set for the commencement of criminal trial.

If found guilty of the charges, it was recommended by the jury to forfeits at least $11 million in cash and asset. The emerald cut engagement ring found on him when he was arrested, was also added to the list of items to be forfeited.

He was subsequently taken before a court and remanded in prison following preliminary hearings. While he was still in custody of the U.S. Marshals Service. The grand jury set up to look into the investigation, returned with an indictment of Mr. Okeke for the $11 million fraud on September 9.

The 31-year-old businessman better known in Nigeria as Invictus Obi listed among Forbes 100 Most Influential Young Africans in 2018, faces up to 30 years in prison if convicted. It is expected that he will enter a plea deal during the commencement of his trial on September 16.