Alleged Cyber Fraud: Court orders forfeiture of N280m traced to Invictus Obi

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The Federal High Court Sitting in Lagos has ordered the temporary forfeiture to the Federal Government, the sum of N280,555,010 (Two Hundred and Eighty  Million, Five Hundred and Fifty-Five Thousand, Ten Naira) traced to Obinwanne George Okeke popularly known as Invictus Obi.

In an ex-parte application put before Justice Rilwan Aikawa of the Federal High Court, Lagos on Monday, the EFCC says it traced the sum of N280.5million belonging to Obi and held in the bank accounts of Invictus Oil and Gas Limited and Invictus Investment Limited.

The ex-parte application urged the court to order the forfeiture of the sums on the ground that it was necessary to prevent the companies from tampering or dissipating the money which is reasonably suspected to be proceeds of unlawful activities.

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