Forbes-Rated Nigerian Billionaire, Obinwanne Okeke Arrested by the FBI Over $12 Million Fraud

Nigeria billionaire Obinwanne Okeke
Nigeria Billionaire Obinwanne Okeke

Nigerian born, Forbes-rated billionaire and CEO of Invictus Group, Obinwanne Okeke, has been arrested by the FBI over a $12 million (N4.3bn) fraud.

According to FBI’s statement, Obinwanne was arrested last week on the last day of his trip to the United States. The FBI arrested the young billionaire for allegedly defrauding top American companies of huge sums.

It was gathered that Obinwanne hacked into the account of an executive office of a steel company and sent an email with a fake invoice to the purchasing department, thereby defrauding the company the sum of $12m.

Obinwanne’s FBI charge sheet reads:

“In June 2018, Unatrac Holding Limited, the export sales office for Caterpillar heavy industrial and farm equipment, headquartered in the United Kingdom, contacted the FBI. They reported that Unatrac had been victimised through an email compromise, which ultimately resulted in fraudulent wire transfers totalling nearly 11million US Dollars. After reviewing the documentation provided by the representatives, the FBI opened an investigation in July 2018.

“The FBI discovered that after capturing the legitimate credentials of Unatrac’s Chief Financial Officer, the accused was able to log in and access the CFO’s entire Office365 account, which included all of his emails and various digital files, the logs indicated that between April 6 and April 20, 2018, the intruder accessed the CFO’s account 464 times, mostly from Internet Protocol (IP) addresses from Nigeria.

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“With full access to the account, the intruder sent fraudulent wire transfer requests from the CFO’s email account to members of Unatrac’s internal financial team. The intruder also attached fake invoices to the emails to enhance the credibility of the requests,” the investigator stated. The investigation, painstaking and far-reaching, lasted more than a year during which Obinwanne emerged as the principal culprit and has since been arrested while on his regular visit to the United States.”

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