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Meet this 4 Nigerian Billionaire Fraudsters Now In Police Custody.

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1.Growing up without a silver spoon, we all aspired to attain the greatest heights possible. The desire to be rich was the sweet dreams of every little child, but above this desire to amass wealth was a strong moral value that has been imbibed in us, as we all aspired to attain such heights through education and hard-work.

However, the trends have changed and we now see fraudsters and looters being celebrated by the society, while the honest, hardworking and educated ones have barely nothing to show, while the government looks away.

One of the most painful thing that can happen to a man is falling from a position of affluence and fame to the mud of nothingness. In this article, we shall be taking a closer look at 4 billionaire Nigerian Fraudsters that have been arrested.

  1. 1.      Invictus Obi: View pictures in App save up to 80% data.

Invictus Obi is a young Nigerian that attained the billionaire status before the age of 30. He was able to camouflage his crime by maintaining a very noble status. He was an entrepreneur by day and a multi-million fraudster by night. He was a motivational speaker and the Chief Executive Officer of Invictus group. In July 2020, okeke pleaded gulty to wire frauds that cost his victims $11M. Owing to the guilt plea and the fact that Mr Obi chose to cooperate with the FBI, he faces a reduced sentenced of about 20 years imprisonment. His judgement would take place in October 2020.

2.Emmanuel Nwude: View pictures in App save up to 80% data.

Emmanuel nwude is a former director of Union Bank of Nigeria. He was known for defrauding Nelson Sakaguchi, a director at Brazil’s Banco Noroeste of $242M: $191 Million was in cash, while the remainder was in form of outstanding interest within a 3 year period spanning from 1995-1998. The crime was said to be the third largest in the history of banking. Nwude carried out the crime by impersonating the then CBN Governor Paul Ogwuma and successfully convinced Sakaguchi to ‘’invest’’ in a new aiport in Abuja, the nations capital, in exchange for a $10M commission.

Nwude and his accomplishes were arrested and charged in an Abuja high court with 86 counts of ‘’fraudlently seeking advance fees’’ and 15 count of bribery related to the case.

Nwude’s assets were confiscated after the trial to be returned to the victim and a $10M fine was imposed to be paid to the Nigerian government. He later filed a lawsuit to recover his seized assests after he was released from prison on the grounds that some of the assets were acquired before the crime was committed. As of May 8  2015, the matter was still being heard by the Lagos state division of the Court of appeal.

He is currently being held in Awka prison for other crimes relating to murder, attempted murder and terrorism.

3.Otunba Cash:  View pictures in App save up to 80% data.

1.      He is also known as Emmanuel Adeleke. Himself and his 8-man gang were arrested in Instanbul, Turkey on Friday 25th October 2018 in connection to a $1.4M email scam committed in Denmark.

Before his arrest, Otunba cash was the CEO of Istanbul Entertainment, an event and lifestyle management company based in Turkey. He and his crew are likely to be serving a a good time in jail outside the shores of Nigeria.

4.1.      Ray Hushpuppi; View pictures in App save up to 80% data.

Hushpuppi, until his arrest was an instagram sensation and self-acclaimed billionaire. His real name is Ramon Olorunwa Abass. He was arrested earlier in june along with Olalekan Jacob Ponle, also known as Woodberry and 10 others. Hushpuppi and his gang were responsible for about N169 Billion Fraud involving over 1.9 million victims. Items worth N15.845 Billion were also seized. 13 Luxury cars worth N2.640 Billion, 21 Laptops, 47 Smartphones, 15 memory devices, 5 external hard drives and 800,000 emails of potential victims were also recovered.

The suspect has now been extradited to the United States as most of his victims are from the United States of America.


The one thing that is peculiar to the above 4 individuals is the fact that they would be spending some quality times behind bars.

How I wish we can go back to those good old times when hard-work was celebrated, when moral values were worth more than wealth, when we all studied hard with the utter conviction that education was the key to a better future. Together we can make it work, keep believing and remember to encourage that young man/young woman working hard to earn an honest living. Why do you think the society tends to celebrate ill-gotten wealth than honest values? Feel free to share your thoughts.

Source: opera.com
The views expressed in this article are the writer's, they do not reflect the views of Opera News. Read more>>
Top Comments
KayKay4Real · 06/30/2020
Igbos are just learners. The Yorubas are masters in this game. Imagine one man defrauding millions of people to the tune of $169 billion.
FavourOlotu · 06/30/2020
evyone got they bad sides,even d FBI,some of em are into traffic
FavourOlotu · 06/30/2020
we who d fed made us,n 4liv ain't tink we can change
FavourOlotu · 06/30/2020
we who d fed made us,n 4liv ain't tink we can change

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