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Emmanuel Nwude Carried Out The Biggest Scam In Nigeria..well Not Anymore - Crime - Nairaland

Nairaland Forum / Nairaland / General / Crime / Emmanuel Nwude Carried Out The Biggest Scam In Nigeria..well Not Anymore (729 Views)

Meet Emmanuel Nwude:The Man Who Sold A Non-existing Airport / Meet Nwude, The Biggest Nigerian Fraudster In History Who 'sold A Fake Airport' / Meet Nwude, The Biggest Nigerian Fraudster In History Who 'sold A Fake Airport' (2) (3) (4)

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Emmanuel Nwude Carried Out The Biggest Scam In Nigeria..well Not Anymore by Nobody: 6:30pm On Oct 06, 2019
I remember when i first read about this guy a couple years on my journey into the underworld as a Fvcking green horn.. I wanted nothing more than to be like him. I used to pray to hammer like him focusing my search light on South Americans hoping to score embarassed

That's the old life all things are new now cheesy



An airport is a pretty big place when you think about it, isn't it? Whether they have one or multiple terminals, the run-way alone is a sort of giveaway.

And not to mention them huge things with wings that make an almighty noise and fly into the sky - they can't really be missed.

So, ask yourself this - how the actual fvck did Emmanuel Nwude get away with selling one that didn't exist. No, not a plane - an entire airport.
And not for some throwaway amount of money that someone would have chanced being done over. Oh no, this was $242 million (£188m).

Now, we've all heard about, or been the victim of, internet fraud. So that would explain why, before it even became an issue, Nwude managed to pull off this ridiculous scam.

It happened between 1995 and 1998 and the victim was an unsuspecting Brazilian, Nelson Sakaguchi, who was director of a bank.

First of all, Nwude himself was in a pretty prominent position, he was director of Union Bank of Nigeria and that made him privy to some links, information and documentation that others wouldn't have.

He informed Mr Sakaguchi of Nigeria's plan to build an airport in Abuja, and explained that he stood a chance of cashing in on $10m (£7m) commission when the deal was passed. Would too good to be true be your first thought? Not Mr Sakaguchi - he decided to pay a measly $191m (£148m) in cash - like you do. And the rest came in the form of outstanding interest.

In 2004 Nwude's fraud case was investigated and all the members of his 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.

The group pleaded not guilty and were warned not to bribe court officials. Like they would do that.

As you probably guess, they all listened. Oh wait, did they balls - Nwude attempted to bribe Nuhu Ribadu, the then chairman of the Economic and Financial Crimes Commission (EFCC), with $75,000 (£58,000) cash but he refused and Nwude was charged with attempted bribery as well as attempt to kidnap a prosecuting witness. What a way to stitch yourself up a bit more.

Nwude finally pleaded guilty - he didn't really have a leg to stand on by this point and he was sentenced to five concurrent sentences of five years and was also asked to pay a $10m (£7.7m) fine - ouch.

Bet he won't be trying that one again. He was released from prison in 2006 and filed a case to reclaim his assets including some which were acquired before the criminality began.

He has so far been able to reclaim $167m (£130m).

Lives were lost in the matter, tho not documented but in all in the underworld this man was a boss. I wonder where he is now maybe still in the game behind the scenes like the old bosses do because money when the new bosses dey make 200m usd no reach sef and no outsider can know lipsrsealed

#SAYNOTOFRAUD
#MAGANONEEDPAY

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Re: Emmanuel Nwude Carried Out The Biggest Scam In Nigeria..well Not Anymore by Nobody: 7:12pm On Oct 06, 2019
grin
Re: Emmanuel Nwude Carried Out The Biggest Scam In Nigeria..well Not Anymore by Crenzywilliams(m): 7:43pm On Oct 06, 2019
When I first heard of this I was "wowed"; that dude was/is a real thief; well maybe an use juju join d Brazilian mumu.
Re: Emmanuel Nwude Carried Out The Biggest Scam In Nigeria..well Not Anymore by Nobody: 8:05pm On Oct 06, 2019
Crenzywilliams:
When I first heard of this I was "wowed"; that dude was/is a real thief; well maybe an use juju join d Brazilian mumu.

If u know anything about real corporate world/business u go stop that backyard thinking... everything is not about juju.. This man na real G with all the necessary tools, skills and knowledge. Be like u think say na one small Yoruba ritualist boy when dey hustle 10k usd from white woman to buy used camry/ lexus...

He was fvcking director of Union Bank.. Do u know what that is

Let me tell u. His docu are all legit and he has privy information to whatever, based on inter bank businesses, transactions with other multinational organisations etc. You don't need juju for that as far as the client was concerned his documents convincingly backed up the story placed on his plate and he swallowed it hook,line and sinker.

It was a clean, pure Job.

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Re: Emmanuel Nwude Carried Out The Biggest Scam In Nigeria..well Not Anymore by Jabioro: 8:43pm On Oct 06, 2019
I heard about that case..the guy was a guru,a real live spammer..this are
the people who started internet fraud..

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