US authorities have listed ways it will recover $10.7 million ordered to be restituted by the convict, Obinwanne Okeke.

Recall that on February 16, Okeke was sentenced to 10 years in jail by an Eastern District Court of Virginia following his guilty plea to multi-year wire fraud in June last year. He was also ordered to undergo three years of “supervised release” after serving his complete jail term.

Upon completing his jail sentence, the Forbes celebrated Nigerian entrepreneur will be presented before a duly-authorised immigration official of the Department of Homeland Security Bureau of Immigration and Customs Enforcement “for deportation review”. The official will determine whether to immediately deport him or make him undergo the three years “supervised release” in the U.S.

Premium Times has now obtained a ‘Restitution Order’ and ‘Consent Order of Forfeiture’ jointly signed by the judge, the Acting U.S. Attorney in the Eastern District of Virginia, Raj Parekh, Mr Okeke, and his defence lawyer, John Iweanoge.

The U.S. authorities are empowered to enforce the monetary judgment by taking over assets, credit, or monetary claims Mr Okeke may have in the country. The restitution is due in full and payable immediately from assets known and unknown and including assets identified in the Presentence Report.

The assets include his “white gold emerald cut engagement ring with small accent diamonds”. The other forfeited assets are ”two cars back home in Nigeria”, and N280,555,010 translating into about $700,000 which the Nigerian government had seized from him.

Mr Okeke was also urged “to participate in the Bureau of Prisons’ Inmate Financial Responsibility Programme” to enable him to comply with the provisions of the financial plan” and to meet his “financial obligation” in accordance with the law. He is also expected to make periodic payments during his three years of supervised release.

The court ordered that beginning from 60 days of his release from prison and transiting into the supervised release phase, the convict will pay either $1,000 or 25 per cent of his net earnings, whichever is greater.

The restitution order read in part:

“If restitution is not paid in full immediately, the defendant shall pay to the Clerk at least $1,000 per month or 25 per cent of net income, whichever is greater, beginning 60 days after release from any period of confinement, or 60 days after sentencing if no confinement is imposed.

“All payments shall be made to the Clerk of Court, United States District Court, 2400 West Avenue, Newport News, Virginia 23607.”

The restituted funds will be distributed to companies which fell victim to Okeke’s fraudulent activities. They are Unatrac Holdings LLC in Washington DC, which was duped $5,429,166.54; Orient Insurance PJSC, duped $ 5million, and QBE European Operations which lost $250,000 to the fraudsters.

The court ordered that the Clerk of Court “shall distribute the funds to Unatrac first and to the remaining victims on a pro-rata basis.”

Source: https://irukkanews.com/us-authorities-lists-ways-it-will-recover-10-7-million-from-obinwanne-okeke/

As a tradition, we have no reason to blame Obinwanne Okeke for being a fraudster. Infact, we should even praise him for being smart and a good hustler.

Rather, the blame should go to Buhari, Tinubu, afonja and abokki. They are the reason Obinwanne Okeke is a fraudster in the US where milk and honey flow.

If Buhari and Tinubu had made Nigeria in such a way that everyone will be receiving alert of at least 1m everyday, even if you are a jobless idiot, Obinwanne Okeke wouldn't have been be a fraudster.

okay

light my Kpoli

Simplyleo:
As a tradition, we have no reason to blame Obinwanne Okeke for being a fraudster. Infact, we should even praise him for being smart and a good hustler.

Rather, the blame should go to Buhari, Tinubu, afonja and abokki. They are the reason Obinwanne Okeke is a fraudster in the US where milk and honey flow.

If Buhari and Tinubu had made Nigeria in such a way that everyone will be receiving alert of at least 1m everyday, even if you are a jobless idiot, Obinwanne Okeke wouldn't have been be a fraudster.

YOUR STUPIDITY IS BEYOND WORDS, ITS OBVIOUS WHERE U R FROM, U BELONG TO A PEOPLE WHO HAVE A MINDSET OF MAKING MONEY BY ANY MEANS POSSIBLE I.E RITUALS, BABY FACTORY , DRUG DEALINGS, YAHOO PLUS, LOCAL, WASH WASH, PROSTITUTION, HUMAN TRAFFICKING, FAKE DRUGS, FAKE PRODUCTS, OIL BUNKERING, KIDNAPPING, THUGGERY, CULTISM, ARMED ROBBERY, FAKE PASTORS, LAND GRABBING, BLOOD MONEY ,PIRACY THE LIST IS ENDLESS. YOU IDIOTIC FOOLS DONT CARE ,IT ALL ABOUT THE MONEY. I REALLY PITY YOUR KIDS COZ THE WILL FOLLOW YOUR FOOTSTEPS. U FOOLS GO ALL AROUND THE WORLD SPOILING NIGERIAS IMAGE. MY ONLY JOY IS THE THE WORLD HAS BEEN ABLE TO TELL THE DIFFERENCE . THANK GOD I WAS NOT BORN A Igbo.