Biggest Scam In History?
By:Adepoju Oluwatimilehin Samuel
Welcome back to another wonderful thursday. Today we will be doing a great throwback on one of the biggest scam not only in Nigeria but the whole world. *Sit back and enjoy*
Emmanuel Nwude is a Nigerian advance-fee fraud artist and former Director of Union Bank of Nigeria. He is very well known for defrauding Nelson Sakaguchi, a Director at Brazil’s Banco Noroeste based in São Paulo, of $242 million: $191 million in cash and the remainder in the form of outstanding interest, between 1995 and 1998. He did not carry out the mission alone but also include; Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe, along with the husband and wife duo, Christian Ikechukwu Anajemba and Amaka Anajemba, although Christian was later assassinated.
Nwude impersonated Paul Ogwuma, then Governor of the Central Bank of Nigeria, and successfully convinced Sakaguchi to “invest” in a new airport in the nation’s capital, Abuja, in exchange for a $10 million commission. In August 1997, the Spanish Banco Santander wanted to take over the Banco Noroeste Brazil. The fraud was uncovered after a December 1997 joint board meeting, in which an official from Santander inquired about why a large sum of money, two-fifths of Noroeste’s total value and half of their capital, was sitting in the Cayman Islands unmonitored. This led to criminal investigations in Brazil, Britain, Nigeria, Switzerland and United States.
Did he and his accomplise go scotfree?
Watch out nextweek thursday for what happened next. Enjoy your day!