Nigerian billionaire businessman, Obinwanne Okeke, known as Invictus Obi, is set to plead guilty to $11 million cyber fraud allegation, a report has said.
Okeke was arrested by the Federal Bureau for Inivestigation (FBI) in the US in August 2019 on a two-count charge of wire and computer fraud, and has agreed to plead guilty to the charges, after he had vehemently denied the allegations.
According to Within Nigeria, the new development to enter a guilty plea is a means to attract a lighter sentence, to avoid the case going to trial.
A Senior United States District Judge, Rebecca Smith, said the suspect has provided significant information about his fraud gang in the country, Nigeria and Europe, in a deal which will see him spend less than 10 years in jail, and may be gets to keep all his loot.
Smith has reportedly given an order approving the plea bargain arrangement.
“The Court has been advised that the defendant wishes to enter a plea of guilty,” Judge Smith said in her Order of April 24. “A United States Magistrate Judge is hereby authorised, with the consent of the defendant, to conduct the proceedings required by the Federal Rule of Criminal Procedure 11 incident to the making of the plea. See 28 U.S.C. Section (b) (1); United States v. Dees, 125 F.3d 261 (5th Cir.1997).
“The defendant may consent to the United States Magistrate Judge conducting the proceedings on a form provided by the clerk.
“If, after conducting such proceedings, the Magistrate Judge accepts the plea of guilty and the associated plea agreement, a pre-sentence investigation shall be conducted and a report shall be prepared pursuant to Federal Rule of Criminal Procedure 32, and a sentencing data shall be scheduled.
“If the plea of guilty is accepted, the District Judge will adjudicate guilt and will determine and impose a sentence,” the report said.
Magistrate Judge, Robert Krask has been appointed to conduct the plea agreement hearing set for June 18, 2020, at the Norfolk Magistrate Courtroom 1.
The suspect’s admission to the crime is said to have surprised investigators, as the suspect has since his arrest strongly denied any wrongdoing.
On December 15, 2019, he filed two preliminary objections. One saying “American authorities lacked jurisdiction to charge him for fraud since he did not commit the alleged offence on American soil, and that no American companies or individuals were swindled at the time of his indictment.
In the other objection, Okeke accused the “Federal Bureau of Investigation of obtaining evidence from him and his iPhone under duress and that the information so extracted should be discountenanced by the court.”
Responding to the objection, the prosecutors said Okeke travelled to the U.S. in the course of the crime, and that his lawyers were wrong to argue that no American companies or individuals were defrauded by the suspect.
The FBI also insisted it obtained evidence from Okeke following due process.
But just as the parties agreed to continue the trial, Okeke began to signal to the prosecution that he was ready for a guilty plea agreement, a development the court was informed about.
Okeke was arrested by the FBI on August 6 in Alexandria, Virginia, as he was about to return to Nigeria.
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He was later charged with two counts of computer and wire fraud, which carry a maximum penalty of 10 and 20 years jail, respectively.
U.S. authorities alleged that Okeke defrauded the United Kingdom office of Unatrac of up to $11 million in business email fraud.
Unatrac’s headquarters is in the United Arab Emirates, but the company filed complaints with the FBI through Caterpillar.