A Federal High Court sitting in Lagos has ordered the final forfeiture to the Federal Government of the sum of N280,555,010 linked to Obinwanne Okeke, popularly known as Invictus Obi.
Justice Rilwan Aikawa gave the order on Thursday following the submissions of counsel of the Economic and Financial Crimes Commission (EFCC), Rotimi Oyedepo.
[ads]
The court had on October 7 ordered the temporary forfeiture of the aforementioned amount.
Justice Aikawa ordered the interim forfeiture of the funds and asked the commission to publish in any national newspaper, the interim order for the named parties or anyone who is interested in the monies sought to be forfeited to appear before the court to show cause within 14 days why the final order of forfeiture should not be made in favour of the Federal Government.
The commission said it traced the said amount to Mr Okeke in bank accounts of Invictus Oil and Gas Limited and Invictus Investment Limited.
[ads]
In 2016, he was celebrated by Forbes as one of Africa’s “most outstanding 30 entrepreneurs under the age of 30.”
He was, however, arrested by the US Federal Bureau of Investigation (FBI) on August 6 for allegedly conspiring to commit fraud of over $11 million.
