• Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

Meet The Biggest Notorious Fraudster In Nigerian History Who ‘Sold A Fake Airport’ To A Brazilian For $242m (Photos)

Adam PR by Adam PR
March 29, 2021
in CRIME
0
Meet The Biggest Notorious Fraudster In Nigerian History Who ‘Sold A Fake Airport’ To A Brazilian For $242m (Photos)
20.6k
SHARES
20.6k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

Here is an untold story of Emmanuel Nwude who committed the largest and biggest fraud in Nigerian history by selling a non-existent airport to a Brazilian for $242 million between 1995 and 1998.

The rise of internet fraud commonly known as Yahoo-Yahoo is one phenomenon Nigeria has come to be associated it. Before internet fraud became a global issue, Nwude had committed one of the biggest scams in the world.

Specifically, his fraud was the third largest banking scam in the world after the Nick Leeson’s trading losses at Barings Bank, and the looting of the Iraqi Central Bank by Qusay Hussein.

How was Emmanuel Nwude able to carry out this jaw-dropping scam and convince Nelson Sakaguchi who was the director of the bank to part with so much money for the purchase of an airport?

Nwude was a former director of Union Bank of Nigeria and this position made him privy to some links, information and documents that other persons would not be aware of. He impersonated the then governor of the Central Bank of Nigeria, Paul Ogwuma, and connected with Sakaguchi informing him of a mouth-watering deal of Nigeria’s plan to build an airport in Abuja.

Nwude, pretending to be the Central Bank of Nigeria governor, told Sakaguchi that he stood of chance of pocketing $10 million commission when the deal passed through. Sakaguchi paid $191 million in cash and the remainder in the form of outstanding interest.

ALSOREAD

Hushpuppi Reportedly Emerges ‘Best Bathroom Cleaner’ Inside US Prison

US Reacts As EFCC Arrests Notorious Nigerian Fraudster On FBI Wanted List After 4years On The Run

BREAKING: U.S Court To Sentence Hushpuppi, Fixes New Date

Buhari Govt Announces New Update On NIN-SIM Linkage

BREAKING: Suspected Sponsor Of Gunmen In Imo Arrested (Photo)

Nwude’s accomplices were Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe, along with the husband and wife duo, Christian Ikechukwu Anajemba and Amaka Anajemba, with Christian later being assassinated.

The criminal gang was able to convince the director of the Brazilian bank to part with the money.

Nwude has become Nigeria’s fraud kingpin after pulling off one of the biggest ‘deals’ in history
How did Sakaguchi find out he was a victim of one of the largest scam in the world?
In 1997, the Spanish Banco Santander wanted to take over the Banco Noroeste and a joint board meeting was held in December of that year. Officials of the Spanish bank noted that half of the Brazilian bank’s capital was at Cayman Islands unmonitored. This raised questions as this was two-fifths of Noroeste’s total value.
Investigation began and was carried out in Brazil, Britain, Nigeria, Switzerland, and the United States. Although the sale of the Bank still went on as the owners of the bank paid $242 million bill, the nak still collapsed in 2001.
The birth of the EFCC
In 2002, the then president, Olusegun Obasanjo saw to the establishment of an anti-graft agency, the Economic and Financial Crimes Commission (EFCC). Nwude’s fraud case one of the first to be investigated and in 2004, all members of the gang were arraigned before an Abuja High Court on 86 counts of “fraudulently seeking advance fees” and 15 counts of bribery related to the case . Although they pleaded not guilty, they were warned not to attempt to bribe court officials as it was suspected that money was going round.
In 2005, Amaka confessed to helping Anajemba and was asked to repay $25.5 million and also sentenced to two and a half years in prison.
Nwude attempted to bribe Nuhu Ribadu, the then chairman of the EFCC, with $75,000 cash but the latter refused and Nwude was charged with attempted bribery as well as attempt to kidnap a prosecuting witness.
Following Sakaguchi’s witness, Nwude finally pleaded guilty and was sentenced to five concurrent sentences of five years and was also asked to pay $10 million fine to the federal government.
He was released from prison in 2006 and filed a case to reclaim his assets insisting some of them were acquired before the criminal act. He has so far been able to reclaim $167 million.
Aftermath
A land dispute in the town of Ukpo in the Dunukofia area with Abagana community turned bloody when over 200 men invaded the community killing four policemen and the security guard at the construction site in 2016. The Anambra state government fingered Nwude as the ringleader and he was subsequently arrested and arraigned on 27 charges including murder and terrorism. He is being held at Awka prison as the court case is still on.
While Nwude’s criminal exploit was not the first in the country, it signified the rise in international financial crime and popularise the advanced fee fraud syndrome with Nigeria’s name associated with it.

Share This News

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

JOIN US ON SOCIAL MEDIA

TWITTER — https://twitter.com/NaijamediaNews

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

Tags: FraudsterHEADLINES
Previous Post

Talented Nigerian Singer, Seyi Shay Is Trending On Twitter – See Why

Next Post

BREAKING: Visa Accepts Payment in Crypto

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

Cult Clash: Drama In Ogun As DSS Arrests Lawmaker, Five Others, Recovers Guns
CRIME

Cult Clash: Drama In Ogun As DSS Arrests Lawmaker, Five Others, Recovers Guns

September 21, 2023
Yahoo Boy’ Unable To Account For N6million In Bank Account, Bags Jail Sentence
CRIME

Yahoo Boy’ Unable To Account For N6million In Bank Account, Bags Jail Sentence

September 16, 2023
Joe Biden
CRIME

BREAKING: US President, Biden’s Son Indicted On Gun Charges

September 14, 2023
Fake police commissioner
CRIME

Drama In Lagos As Fake CP Orders Release Of Detained Suspect

September 14, 2023
How UNILAG Lecturer 20year-Old Student In His Office
CRIME

EXTRA: UNILAG Professor Confesses To 20year-Old Student In His Office

September 10, 2023
Aisha Ahmad
CRIME

JUST IN: DSS Arrests Deputy CBN Governor

September 10, 2023
Next Post
BREAKING: Visa Accepts Payment in Crypto

BREAKING: Visa Accepts Payment in Crypto

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • Mohbad at Burial site

    He Was Buried Alive? — Doctor Explains Fresh Blood In Mohbad’s Grave

    22578 shares
    Share 9031 Tweet 5645
  • JUST IN: Police Give Update On Mohbad’s Autopsy, Results

    22355 shares
    Share 8942 Tweet 5589
  • JUST IN: Alaafin Stool: Gov. Makinde Asked To Arrest Oyomesi

    21994 shares
    Share 8798 Tweet 5499
  • JUST IN: Oyomesi Names New Alaafin Of Oyo

    21982 shares
    Share 8793 Tweet 5496
  • Why I Wont Cut My Dreadlocks Or Stop Wearing Earrings — Newly Appointed Church General Overseer, Jimmy Odukoya

    21974 shares
    Share 8790 Tweet 5494
  • Justice For Mohbad: Police React To Video Of Lady Exposing During Candlelight Procession

    21950 shares
    Share 8780 Tweet 5488
  • BREAKING: Gunmen Lay Deadly Ambush, Several Soldiers, Police, NSCDC Officers Burnt Alive

    23057 shares
    Share 9223 Tweet 5764
  • Justice For Mohbad: Trending Video Of Lady Flaunting Her B00b$ During Candlelight Procession

    21923 shares
    Share 8769 Tweet 5481
  • BREAKING: Supreme Court On Fire

    21894 shares
    Share 8758 Tweet 5474
  • Police Arrest Nurse Who Gave Mohbad Anti-Tetanus Injection After He Was Beaten At Ikorodu Show

    21628 shares
    Share 8651 Tweet 5407

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved