Okeke, 31, is the founder of Invictus Group.
In 2016, he was listed by Forbes as one of “30 Entrepreneurs Under 30 to Watch”.
He was also listed among 100 Most Influential Young Africans 2018.
Okeke’s arrest comes after representatives of Unatrac Holdings Limited filed a complaint for allegedly being victimised in the fraud.
Nigerians on Twitter have mocked the entrepreneur, tagging him a fraudster locally known as ‘Yahoo Yahoo’.