Owolabi was found guilty by a jury of conspiring to commit money laundering and wire fraud.
In a news release published by the U.S. Department of Justice on Tuesday, March 31, 2026, Ellis Boyle, U.S. Attorney for the Eastern District of North Carolina, made the announcement.

“Who hasn’t fallen victim to some sort of ‘Nigerian Prince’ scam? No prince, Inmate Owolabi robbed our defenseless citizens.

This case demonstrates that, wherever you may be, our office will bring you to justice if you attempt to defraud the residents of the Easter District of North Carolina. dishonest. No way. “Win,” Boyle exclaimed.This conviction demonstrates the FBI’s steadfast dedication to locating, stopping, and eliminating global fraud and money laundering networks that prey on Americans. The defendant’s involvement in organizing intricate cyber-enabled schemes shows how sophisticated and widespread these criminal organizations are.Reid Davis, the Charlotte Special Agent in Charge, stated.

“We will continue to pursue anyone who targets the United States to commit fraud and make sure they are brought to justice in our U.S. Courts, working with our law enforcement partners.”

Inmate Owolabi engaged in a romance fraud by posing as a woman in order to establish internet connections with American men.

These fictitious connections were used by him and his accomplices to trick victims into providing money and private information.

Among many other victims, Inmate Owolabi and others took over $120,000 from a victim in the EDNC by using bank accounts that the victims gave to launder money from other fraudulent enterprises.