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Court Orders Forfeiture Of Invictus Obi’s N208m To FG



Forbes Rated Young Billionaire, Obinwanne Okeke 'Invictus' Arrested For N4billion Fraud

The Federal High Court in Lagos on Thursday ordered the permanent forfeiture of N280,555,010.65 “warehoused” in the bank accounts of Obinwanne Okeke, popularly known as Invictus Obi.

Obi, whose arrest by the Federal Bureau of Investigations (FBI) broke the internet, is currently standing trial in the United States of America over an alleged $11m cyber fraud.

Justice Rilwan Aikawa had ordered the temporary forfeiture of the money on October 9.

“I have seen the application seeking the final forfeiture of the sum of N280.5m warehoused in the two bank accounts, which was reasonably suspected to be proceeds of unlawful activities.

“I am satisfied that the requirements enumerated under Section 17 of the Advance Fee Fraud and other related Offences Act have been met by the applicant in this suit; consequently, this application is hereby granted as prayed, as it remains unchallenged.

“The sum of N280.5m found in the bank account of Invictus Investment limited, who is the second respondent in this suit, is hereby forfeited to the Federal Government of Nigeria,” Justice Aikawa ruled.

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