What Nigerians are saying about Invictus Obi’s guilty plea to $11 million fraud

A loud tune of consequence is being played loudly for the Nigerian youth to hear. In recent weeks, several news stories of security organisations apprehending flamboyant Nigerian youths on the counts of alleged fraud have been on our timelines.

Ray Hushpuppi, a Dubai-based Nigerian socialite was apprehended by the International Criminal Police Organisation (Interpol), Adeherself, a social media influencer was nabbed by the Economic and Financial Crimes Commission (EFCC) and late Thursday, celebrity barman, Cubana High Priest was apprehended by the Police, all in relation to fraudulent activities. The general message that is being communicated to Nigerians with all these would be that crime doesn’t pay. 

A new incidence adds credence to this message. It is in relation to the reports on another Nigerian business owner, Obinwanne Okeke of the Invictus Group,  pleaded guilty to a charge of $11million fraud. Arrested in the United States late 2019, just as he was about to travel back to Nigeria, Obinwanne, popularly known as Invictus Obi,  initially pleaded innocent upon arrest, but has now backed down and admitted to his involvement in fraud practices. Reports say that Invictus could attract a 20-year sentence for his crimes.

Nigerians had a lot of lessons to draw out from the current events:

 

Many estimated the number of years, suspected fraudster, Hushpuppi, might accumulate in prison. He was reported to have stolen $35million in his alleged fraudulent internet-based crimes, a total sum amounting to more than that of Invictus. Nigerians posit that Hushpuppi would get longer sentencing in comparison to Invictus who is expected to get a 20-year sentence for his crimes.

 

Invictus Obi had been celebrated in the past on a list by Forbes Africa; naming him among Africa’s wealthiest and brightest 30 under 30.

Many took this time to reflect on Forbes’ credibility; accusing that the organisation of reporting false figures. Some noted that Kylie Jenner had been reported as the youngest self-made billionaire which Forbes later reported as untrue. These events lead many to believe that Forbes has lost integrity.

 

Many brought up complaints that these fraud cases are causing a big issue for legitimate Nigerian businessmen; as they enjoined compatriots to desist from fraud and save the country’s reputation. 

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