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The Invictus Obi Story: FBI Arrests Nigeria’s Forbes Listed Billionaire Over $12m Scam

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  • The Invictus Obi Story: FBI Arrests Nigeria’s Forbes Listed Billionaire Over $12m Scam

Nigerians are yet to recover from the shock of the arrest of popular Nigerian billionaire, Obinwanne Okeke; also known as Invictus Obi who was detained on Friday by the United States’ Federal Bureau of Investigation (FBI).

In 2016, Okeke became a continental sensation and mentor to several aspiring Nigerian youths after he was listed number 13 in Forbes Africa’s Under 30 as ‘Africa’s Most Promising Entrepreneur’.

A year later, in 2017, Invictus Group bagged Africa’s Most Innovative Investment Company of the Year awarded by African Brand Congress. The same year, he was nominated in the Young African Business Leader (West Africa) category for the All Africa Business Leaders Awards (AABLA). In 2018, he was nominated amongst 100 Most Influential Young Nigerians by Avance Media.

Born on November 9, 1987, 31-year-old Okeke was the founder of the Invictus Group of Companies with branches in Nigeria, South Africa and Zambia. He was believed by many to have been involved in a multi-billion dollar investment conglomerate after starting from a deprived scratch, having emerged from a very poor background.

According to the official website of the Invictus Group which was further confirmed by Forbes Magazine, the company is involved in, outsoucing, construction, agriculture, oil and gas, renewable energy, telecoms. The website also reveals that he has over ten years of investment experience and holds a Bachelors and Master Degree (MA) in International Relations and Counter Terrorism (cum laude) from Monash University, Australia and has received several leadership and honorary awards from both local and international organizations.

His grass-to-grace story coupled with his hypothetical successful businesses and humanitarian predisposition (as explained by his official website) may have endeared him more to the hearts of many struggling and hardworking youths who saw a picture of themselves in him.

The website reeled an emotive description of his supposed background, backing it up with a link to an account provided by Forbes on his background: “Obinwanne named his company after William Ernest Henley’s popular poem about an undefeated and unconquerable hard worker from an impoverished background who refused to give up.”

“Obinwanne’s story is quite similar. He was born to a polygamous father as the 17th child. At age 10, he left for boarding school and when he was 16, he lost his father. He kept moving from one relative to another. Things became difficult but he wanted a better life for himself and his mother.”

“As a teenager, Obinwanne took courses in business management as well as obtained a diploma as a computer technician. He later moved to Australia to study, where he said he “did all kinds of jobs just to survive.”

“He started an events/entertainment company for students called Invictus media and also interned at a poverty alleviation NGO in the country.”

“While in Australia, he founded Literacy Africa International to raise “awareness about literacy problem among children in Africa. He also sourced for donors of used children books across Australia and shipped them to disadvantaged kids across Africa. He saved some money, came back to Nigeria, and invested it in his business.

It also adds; “In 2017, Invictus Group was named as Africa’s Most Innovative Investment Company of the Year by African Brand Congress. The same year, Obinwanne was nominated in the Young African Business Leader (West Africa) category for the All Africa Business Leaders Awards ( AABLA).”

With the latest development, and through thorough evidence provided by the FBI, Okeke, in what may be described as well calculated and brilliant fraud may have successfully fooled the entire population of youthful hopefuls in Nigeria, the African continent and the world at large, having effectively deceived Forbes; a global media company.

He was linked with wire transfer fraud worth over $12 million, busted by the FBI and was arrested in one of his visits to the United States on Friday.

Thorough investigations led by Special Agent Marshall Ward of the FBI, revealed that, “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.

“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.”

Reacting to the arrest, the head of the Presidency Office of Digital Engagement, Tolu Ogunlesi, advised aspiring fraudsters to have a re-think, saying if the Economic and Financial Crimes Commission (EFCC) does not arrest them, the FBI will.

He tweeted: “If you’re a practicing or aspiring Yahoo Boy, please read this affidavit well. If EFCC doesn’t get you, FBI will. They’ve both ramped up their clampdown on computer and wire fraud.”

Below is a scanned FBI Affidavit in support of Obi’s criminal complaint and arrest warrant.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Israeli Troops Take Control of Rafah Border Crossing Amidst Ceasefire Talks

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Israeli troops took control of the Rafah border-crossing area in Gaza on Tuesday morning, with Hamas saying all aid flows from Egypt had stopped.

The army has halted “the movement of people and aid completely,” the Hamas-run crossing authority said in a statement. Soldiers replaced Palestinian flags with Israeli ones.

It’s the first time Israel’s army has moved into the area since the war with Hamas began in October.

Israeli Military Tells About 100,000 People to Leave Eastern Rafah

Palestinians sheltering in Rafah were told Monday to move to an “expanded humanitarian area”.

The border is the main entry point for aid into Gaza, and the Palestinian territory’s only crossing aside from those with Israel. The US has been urging Israel for weeks to allow more food and other supplies into Gaza, parts of which the United Nations says are on the verge of famine.

The movement of troops came a day after Israel told residents in parts of eastern Rafah to leave immediately ahead of a possible attack on the city.

Most Arab and many European states have said Israel should not attack Rafah, fearing it would cause mass casualties. Prime Minister Benjamin Netanyahu says Rafah is the last bastion of Hamas, with about 5,000 to 8,000 of its fighters and senior leaders lodged in the city, as well as many Israeli hostages.

Cease-fire talks between the two sides continue to drag. Hamas said on Monday night it had accepted a proposal from mediators Egypt and Qatar. Israel rejected it, saying it contained demands the Jewish state cannot accept.

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Israel Calls for Evacuation of Rafah Amid Threat of Assault

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Rafah, Gaza, Palestine

Israel called on civilians to evacuate parts of Rafah on Monday in what appeared to be preparation for a long-threatened assault on Hamas holdouts in the southern Gaza Strip city where more than a million war-displaced Palestinians have been sheltering.

Instructed by Arabic text messages, telephone calls, and flyers to move to what the Israeli military called an “expanded humanitarian zone” 20 km (7 miles) away, some Palestinian families lumbered out under chilly spring rain, witnesses said.

Israel’s military said it had begun encouraging residents of Rafah to evacuate in a “limited scope” operation. It gave no specific reasons, nor did it say if any offensive action might follow.

Seven months into its war against Hamas, Israel has been threatening to launch incursions in Rafah, which it says harbours thousands of Hamas fighters and potentially dozens of hostages. Victory is impossible without taking Rafah, it says.

The prospect of a high-casualty operation worries Western powers and neighbouring Egypt, which is trying to mediate a new round of truce talks between Israel and Hamas under which the Palestinian Islamist group might free some hostages.

The Rafah plan has opened an unusually public rift between Israel and Washington. Speaking to his U.S counterpart, Israeli Defence Minister Yoav Gallant linked Monday’s operation to the deadlock in indirect diplomacy, which he blamed on Hamas.

“During their discussion, Gallant discussed the efforts undertaken to achieve the release of hostages and indicated that at this stage, Hamas refuses the frameworks at hand,” the Israeli Defence Ministry said in a statement.

“Gallant emphasized that military action is required, including in the area of Rafah, at the lack of an alternative,” it added On Monday, the Israeli military called on Palestinians in eastern parts of Rafah to move to a nearby “humanitarian area”, saying it would “encourage … the gradual movement of civilians in the specified areas”.

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Paystack and Africa World Airlines Team Up to Enhance Passenger Experience

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Paystack - Investors King

Paystack, a leading financial technology company specializing in payment processing services, has announced a strategic partnership with Africa World Airlines (AWA), a prominent regional carrier operating in West Africa.

This collaboration unveiled through a joint statement by Jonathan Appiah, the Head of Commercial at Africa World Airlines, and Shola Akinlade, the Co-founder and CEO of Paystack, heralds a new era of convenience and efficiency for air travelers within the region.

The partnership aims to streamline the flight booking and payment process, offering passengers an array of seamless payment options tailored to their preferences.

With the integration of Paystack’s advanced payment gateway, passengers flying with Africa World Airlines can now enjoy hassle-free transactions, enhancing the overall travel experience.

Jonathan Appiah expressed excitement about the partnership, emphasizing AWA’s commitment to providing its customers with exceptional service.

He highlighted that the collaboration with Paystack allows AWA passengers in Ghana, Nigeria, and beyond to benefit from diverse payment methods, including card, mobile money, Apple Pay, bank transfers, USSD, PayAttitude, and QR codes.

“We are thrilled to partner with Paystack to offer our passengers a more convenient and streamlined booking and payment experience,” said Appiah. “At AWA, we are constantly seeking ways to enhance the overall travel experience for our customers, and we believe that this partnership with Paystack will significantly contribute to achieving that goal.”

Shola Akinlade, echoing similar sentiments, expressed Paystack’s enthusiasm for the collaboration, highlighting the company’s dedication to making the booking process accessible and inclusive for travelers across the region.

“We are excited to partner with Africa World Airlines to provide passengers with a convenient and reliable payment experience,” stated Akinlade. “By offering a variety of payment options, we aim to make the booking process more accessible and inclusive for travelers across the region.”

The joint efforts of Paystack and Africa World Airlines signify a commitment to innovation and customer-centric solutions in the aviation industry. As air travel continues to evolve, partnerships like these pave the way for enhanced passenger experiences and greater convenience in the skies of Africa.

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