The Man Who Sold An Imagery Airport For $242 million in Africa
In today's video, we will uncover the mastermind of how a Nigerian Scammer named Emmanuel Nwude who is best known for his involvement in one of the largest banking scams in history that occurred in the late 1990s and early 2000s against a Brazilian bank named Banco Noroeste
The fraud began in 1995, when Nwude, pretending as the governor of the Central Bank of Nigeria, Paul Ogwuma, contacted Nelson Sakaguchi, a senior executive at Banco Noroeste. Nwude persuaded Sakaguchi that the Nigerian government had awarded a $389 million contract to a consortium to build an airport in Nigeria.
Nwude then invited Sakaguchi to invest in the business, guaranteeing him a high return on his money. Sakaguchi agreed and transmitted around $242 million to various bank accounts managed by Nwude and his accomplices over the course of several years.
However, the swindle was finally exposed, and Nwude was imprisoned in 2004. In 2005, he was sentenced to 25 years in jail after being charged with various charges of fraud, conspiracy, and money laundering.
The Nigerian scammer was also involved in many other fraud schemes, including a $1.5 million scam involving the selling of a fake airport and a $10 million scam involving the sale of a fake oil refinery.
Ultimately, Emmanuel Nwude's fraudulent actions established him as one of Nigeria's most known scammers. His frauds cost victims millions of dollars and ruined Nigeria's banking industry's image.
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