Invictus Obi, Forbes-celebrated Nigerian businessman has pleaded guilty to $11 million (N4.2 billion) fraud and is set to be sentenced on October 22.

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

Invictus Obi and other alleged accomplices were accused of targeting American businesses in an investigation led by the Federal Bureau of Investigation.

American judge, Robert Krask certified the guilty plea on Thursday.

Spokesperson for the United States District Court for Eastern District of Virginia, Joshua Stueve revealed that the suspect could spend 20 years maximum penalty in an American jail if found guilty.

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