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FBI arrest Forbes-rated Nigerian entrepreneur over $11m fraud

The Federal Bureau of Investigation (FBI) have arrested Nigerian entrepreneur and the Chief Executive Officer of Invictus Group, Obinwanne Okeke, for conspiracy to commit computer fraud.

Okeke, who made it into Forbes ‘Africa’s 30 Under 30 list in 2016’, was arrested by the FBI over $11million wire fraud after an account belonging to the CEO of Unatrac Holding Limited, a steel company, was hacked.

The suspect was alleged to have conspired with some other individuals to access the CEO’s computers without authorisation.

According to an affidavit signed by Marshall Ward, a Special Agent of FBI, representatives of Unatrac Holding Limited, contacted the agency after experiencing a fraudulent transfer of $11m from the firms account through a compromised email.

The affidavit reads: “Unatrac’s Chief Financial Officer received a phishing email containing a web link purportedly to the login page of the CFO’s online email account hosted by Microsoft Office365.

“When the CFO opened the link, it instead led him to a phishing website crafted to imitate the legitimate Office365 login page.

“Believing the page to be real, he entered his login credentials, which were captured by an unknown intruder who controlled the spoofed web page.

“Between April 6 and April 20, 2018, the intruder accessed the CFO’s account at least 464 times, mostly from Internet Protocol (IP) addresses in Nigeria.”

The report led to an investigation, which began in July 2018 after the FBI reviewed the submitted documents and eventually led to the arrest of Okeke.

 

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