Nigeria, June 18 -- Obinwanne Okeke, the Nigerian businessman owner of Invictus Group who was arrested in the United States last year, has pleaded guilty to $11 million (N4.2 billion) fraud.

Mr Okeke, 32, admitted to American prosecutors that he was involved in computer-based fraud between 2015 and 2019.

Joshua Stueve, a spokesperson for the United States District Court for Eastern District of Virginia, told PREMIUM TIMES on Thursday evening that Mr Okeke could spend 20 years maximum penalty in an American jail.

He would be sentenced on October 22, Mr Stueve said.

"A federal district court judge will determine any sentence after taking into account the U.S. sentencing guidelines and other statutory factors," the court official said. ...