The fight against fraudulent activities started in Nigeria in the early 90s when people like Emmanuel Nwude were in the business of defrauding top European companies and individuals of their hard-earned money. Before the advent of computer-based scams, there was a man called Emmanuel Nwude who comes from Anambra state. Emmanuel Nwude committed one of the biggest scams in the history of Nigeria when he defrauded a Brazilian bank of about $242 million.
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Emmanuel Nwude committed the scam between the year 1995 and 1998. The scam was carefully carried out as Emmanuel claimed that he was going to sell a Nigerian airport to the director of the Brazilian bank, Nelson Sakaguchi. Emmanuel Nwude was the former director of the United Bank of Africa, UBA. Emmanuel was well exposed when it comes to gathering the necessary information needed to complete one of the biggest scams recorded in Nigeria’s history.
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Emmanuel had the needed knowledge, however, to complete the well-planned scam, he had to impersonate the then Governor of the Central Bank of Nigeria to make the scam look real. He contacted the Director of the Brazilian Bank, Nelson Sakaguchi, and convinced him that the Nigerian government had an airport in Abuja that was being worked on but needed the Brazilian bank to invest in the construction of the fake airport. Emmanuel Nwude promised the Director of the bank that he will be given a $10 million commission if the bank agree to invest in the fake Nigerian airport.
Nelson Sakaguchi fell for the lies of Emmanuel Nwude and he transferred $242 million to Emmanuel Nwude and his gang. It was a successful mission for Emmanuel and his gang and they shared the money among themselves. The gang of scammers includes Obum Osakwe, Emmanuel Nwude, Nzeribe Okoli, Emmanuel Ofolue, Christian Ikechukwu Anajemba, and Amaka Anajemba.
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Things fell apart for Emmanuel Nwude and his partners in crime when Banco Santander was taking over the scammed Brazilian bank, Banco Noroeste. During the takeover, Banco Santander checked the financial records of Banco Noroeste and discovered some unexplained transactions. Nelson Sakaguchi opened up to the new bank about his deal with Emmanuel Nwude. Emmanuel and his gang were caught by the authorities and they were all charged to court to answer for numerous fraudulent activities they were involved in. Emmanuel was found guilty of the charges and was sent to 25 years in prison for the frauds he committed. He later got out of prison without completing his prison sentence. Emmanuel was later arrested for murder charges. Emmanuel Nwude’s fraud case was the third-largest in banking history.
