A Nigerian entrepreneur who was nominated for Africa s most prestigious award for businessmen has been imprisoned in the United States for masterminding a multimillion-dollar cyber-fraud scheme.
Obinwanne Okeke headed a criminal team that used email-based cyber-attacks to steal credentials from hundreds of victims from approximately 2015 to 2019. The data they swiped was used to target companies with fraudulent wire-transfer requests and fake invoices.
British company Unatrac Holding Limited, the export sales office for American Fortune 100 corporation Caterpillar, was among Okeke s victims.
A Unatrac executive unwittingly revealed their login credentials to Okeke s criminal organization after falling victim to a phishing email in April 2018.
Nigerian Gets 10-Year Sentence for BEC Scam
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US Jails Celebrated Nigerian Entrepreneur for Cyber-Fraud - Infosecurity Magazine
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By Modupeoluwa Adekanye 17 February 2021 | 11:51 am
Nigerians React As Obinwanne ‘Invictus Obi’ Okeke Gets 10-Year Jail Term For Fraud
Nigerians have taken to social media to react to the news of Obinwanne Okeke popularly known as Invictus Obi, a Nigerian entrepreneur and a Forbes Africa 30 Under 30 honoree, who has been sentenced to a 10-year jail term for computer and wire fraud by an American court.
He was found guilty of causing approximately $11 million in known losses to his victims between 2015 and 2019, a crime which he pleaded guilty to in June. x
Prior to the news of his crime, he was named on the Forbes Africa’s 30 Under 30 For 2016 and was featured on the magazine’s June 2016 cover. A year later, CNBCA named Okeke as a finalist for Young Business Leader of the Year (West Africa).