December 4, 2020

UCJ-UNILORIN

Official Website Of Union Of Campus Journalits, University of Ilorin.

THROWBACK THURSDAY

2 min read

Biggest scam in history(Continued from last episode) 

By: Adepoju Oluwatimilehin Samuel

Hey guys its another wonderful thursday. Today we will continue on the case of Emmanuel Nwude the advance-fee fraud artist and also the former Director of Union Bank of Nigeria and incase if you miss the last episode, you can search for throwback thursday so as to read and digest.

*Did Emmanuel Nwude and his accomplise jailed?*
February 2004, Amaka Anajemba, Emmanuel Nwude, Emmanuel Ofolue, Nzeribe Okoli, and Obum Osakwe (Christian Anajemba was deceased at this point), were all arrested and charged in the Abuja High Court with 86 counts of “fraudulently seeking advance fees” and 15 counts of bribery related to the case. They pleaded not guilty. They were immediately warned off of bribing the court staff by Abuja High Court Judge Lawal Gumi, after he alleged that money was going around.
In July 2004, Judge Lawal Gumi threw out the case, claiming that since the crime did not take place in Abuja, he had no jurisdiction, and said that the proper place for the case would be the Lagos High Court. The defendants were immediately rearrested after stepping outside the courthouse and the case was moved to Lagos for trial.
In july 2005, Emmanuel Nwude and Nzeribe Okoli pleaded guilty after testimony from Sakaguchi in hopes of a more lenient sentence, and were sentenced to 29 years in prison collectively, with Nwude receiving five concurrent sentences of five years, totaling 25, and Okoli receiving four. The entirety of Nwude’s assets were confiscated to be returned to the victim and a $10 million fine was imposed to be paid to the Nigerian federal government.

Stay tuned for another interesting throwback thursday.

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