Grand jury indicts Obinwanne Okeke, to forfeit $11m and diamond ring faces 30 years in prison

Obinwanne Okeke, Forbes-rated Nigerian billionaire who was arrested on August 6 in the US and slammed with two counts of computer and wire fraud has been indicted for $11 million fraud.

Obinwanne Okeke, Forbes-rated Nigerian billionaire arrested by the FBI

The indictment which is the initial process before the commencement of his trial was backed by an investigation by the US Department of Justice, which was conducted by the Federal Bureau of Investigation (FBI).

If found guilty, it was recommended that Mr. Okeke forfeits at least $11 million in cash and asset. The emerald cut engagement ring found on him when he was arrested was also added to the list of the items to be forfeited.

The grand jury set up to look into the investigation returned with an indictment for the $11 million fraud against the suspect on September, 9.

It is expected that he will enter a plea deal during the commencement of his trial on September 16.

Okeke faces up to 30 years in prison if convicted.

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